Under Contract

7035 N Figueroa St

Los Angeles CA, 90042

$2,295,000


$627.56 per sqft

Under Contract

3,657 sqft

Residential

Built in 1923

Retail/Residential Mix in the heart of Highland Park at 7035 N Figueroa Ave, currently home to the renowned Discount Mirrors Studio. This unique property blends residential and commercial spaces, perfect for creative professionals, entrepreneurs, and investors. The main building features a professionally designed recording studio, a cozy bachelor studio with a kitchenette, and a prime storefront retail space, ideal for a gallery or boutique.Adding to its allure, the property includes a charming 650 sq ft detached bungalow at 6029 Tipton Way. This bungalow offers versatility as a guest house, rental unit, or private residence, nestled on a quiet street yet just steps from the main building.Located in a vibrant neighborhood, this property is surrounded by popular spots like The York, Kitchen Mouse, Highland Park Bowl, Avenue 50 Studio, The Judson Studios, and Materia. Enjoy trendy cafes, bars, and eateries such as Cafe de Leche, The Hermosillo, and ETA, making it a desirable location for both living and business.With potential rental incomes of $3,000-$3,200/month for an 800+ sq ft gallery space and $2,200-$2,500/month for the bungalow, this property presents a fantastic investment opportunity. The versatile spaces can be reconfigured to suit your needs, offering multiple income streams.Ample street parking is available for tenants, clients, and visitors. New roof on all structures including garage. Updated electrical. New split system heating/cooling in main structure. Don't miss this incredible chance to own a dynamic property in one of Los Angeles' most sought-after neighborhoods, where creativity and opportunity converge! Delivered vacant! DO NOT DISTURB OCCUPANTS.

24-394705

MLS ID

May 21, 2024

Listed

May 31, 2024

Updated

Map

7035 N Figueroa St
Los Angeles CA, 90042

Interior Features

Total Stories

0


Appliances

Other


Floor Description

Vinyl Plank, Cement, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Heat Pump(s)


Heating

Yes


Heating Description

Heat Pump

Exterior/Building Features

Lot Size

0.12 Acres


Architectual Style

Other


Sewer

In Street

Other Property Details

Area Name

Highland Park


Days on Market

10


Garage

Yes


Garage Spaces

1


Parking

Garage - 1 Car, Driveway


Parking Total

2


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listing History

Date

Event

Price

5/31/2024

Under Contract

Listed by Courtney Poulos with ACME Real Estate
Listing Contact: 323-919-0375 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vanessa Withers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/31/2024

Powered byLuxury Presence