550 Figueroa StLos Angeles, CA 90012

Property Details for 550 Figueroa St

Year built

2007

Construction

WOOD

Lot size

3.69 AC

Property size (Sq ft)

590,927 SF

Zone code

LAC2

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

5407-003-036

APU

5407003036

Description

The Orsini, located at 550 N Figueroa St in Los Angeles, CA 90012, presents a remarkable retail investment opportunity in Los Angeles County. This multi-tenant property boasts a total of 34,490 square feet, with a significant 27,246 square feet currently vacant and ready for immediate occupancy. The flexible space allows for various configurations, accommodating businesses ranging from 1,019 square feet to a maximum contiguous space of 4,450 square feet. Ideal for a diverse range of retail and service businesses, the property's location on Figueroa Street offers excellent visibility and accessibility. The building's design is well-suited for businesses requiring high foot traffic, and the available space is adaptable to meet the needs of various tenants. The property's zoning allows for a variety of uses, including restaurants (with the potential for outdoor dining), grocery stores, convenience stores, beauty salons, drug stores, and insurance agencies, among other possibilities. This is a unique chance to secure a substantial presence in a vibrant Los Angeles market. The property is situated in Los Angeles County and offers a prime location for businesses seeking high visibility and accessibility. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $216,129,728

  6.5%

  $199,504,368

  7%

  $185,254,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $174,174,544

  Geo Method

  $174,174,544

• Alternative Use

  Use

  Valuation

  Residential

  $199,504,368

  Hospitality

  $182,744,928

  Educational

  $152,041,632

  Medical

  $157,270,576

  Retail

  $236,509,216

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0615

Longitude

-118.246

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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