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Prime Commercial Lot in Los Angeles at 3900 North Figueroa Street

Prime Commercial Lot in Los Angeles at 3900 North Figueroa Street
FOR SALE
View more

$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.

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Daniel Perez

Daniel Perez

Real Estate Agent

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Daniel Perez

Daniel Perez

Real Estate Agent

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Call