Prime Commercial Lot in Los Angeles at 3900 North Figueroa Street
$3,800,000
3900 North Figueroa Street, Los Angeles, CA 90065
Property Description
*** Prime Commercial Lot ***Development opportunity to Build Retail stores with MultiUnits or a Large Condominium Complex !!! Amazing 5 ~ Parcels totaling over 21,500 square feet. Exceptional opportunity for a large Franchise Business, this property has Access for a " DRIVE THROUGH" This commercial land offers flexibility and potential for a variety of uses and builds. Build your vision on this prime commercial land with 2 separate entrances on a corner lot for unique access. Offering high visibility and strong traffic counts, maximizing exposure for your business. Ideal for creating a landmark destination located in Highland park with hundreds of cars passing by Figueroa & Marmion Way. Corner Lot also allows to build a custom 4- story High End Condominium Complex! Owner has Drawings Engineering plans to build 39 Condos and 52 parking spaces on a Large 65,000 square feet 4- Level Building. Currently the property has an Auto Repair shop, Smog check business. Act now to capitalize on this prime commercial land, A true must See!
Property Details
Asset Type
Development Site
Zoning
Commercial
Lot Size
21,500 SF
Neighborhood
Highland Park
Submarket
Los Angeles
ZIP
90065
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$216,167
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$18,014
Annual Debt Service
$216,167
View on Map
Address
3900 North Figueroa Street
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Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.