4201 N Figueroa Street, Los Angeles, CA 90065 - Berkshire Hathaway HomeServices California Properties

4201 N Figueroa Street, Los Angeles, CA 90065

$2,690,000 Approx. USD 0 beds, 0 baths

Listing Agent


Neema Ahadian | neema@marcusmillichap.com
Lic#: 01346750
Broker: Courtesy of Marcus & Millichap

Agent Remarks

We are pleased to present a net lease retail investment opportunity in the Highland Park neighborhood of Los Angeles located on the main thoroughfare of N Figueroa St just off the 110 Freeway. 4201 N Figueroa St was recently renovated by the tenant and leased to Enterprise-Rent-A-Car, a NNN corporate lease that commenced on February 1, 2024. The original term is ten years* with two five-year options; throughout the base term, there are annual rent increases the greater of CPI or 2%. Minimal landlord responsibilities, allowing an investor to passively collect cash flow; at the asking price, the CAP rate is 5.69%. Enterprise-Rent-A-Car has over 8,000 locations nationwide and is the leader of car rental providers in the industry. Rare opportunity to acquire a NNN corporate lease with long term development potential; the corner lot totals 12,051 SF zoned [Q]C2-1VL-HPOZ in a Tier 3 TOC, allowing for residential development and potential to build 31 apartment units by-right and up to 52 units utilizing the TOC benefits (Buyer to verify). The Highland Park neighborhood is considered one of the most sought-after submarkets in Los Angeles as it sits in the center of three popular work and entertainment destinations with Downtown Los Angeles to the south, Glendale to the west and Pasadena to the east.

Listing Details

Property type: (Commercial)
Status: Active
MLS# 25502719
Price: $2,690,000
HOA Fee is $0.00
0.28 acres
Lot size: 0.2767
County: Los Angeles
Zoning: LAC2
MLS area: 632 - Highland Park

Last Updated: 4/21/2025

 Days On Market (DOM): 90

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This listing belongs to the 632 - Highland Park MLS area

Lat/Long: 34.093997, -118.209357.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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