CA > Los Angeles
Los Angeles, CA 90065,4201 N Figueroa St
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Max Lee

Max Lee

+1(213) 434-2433
$ 2,690,000
Est. payment | /mo

1,052 SqFt

Save
$ 2,690,000
Est. payment | /mo
Save

1,052 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,052 sqft

Price per Sqft $2,557

MLS Listing ID 25502719

Lot Size 0.277 Acres

Acres 0.2767

Property Description

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 5.74%. 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 totals12,051 SF zoned [Q]C2-1VL-HPOZ in a Tier 3 TOC, allowing for residential development and potential to build31 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.

Location

State CA

County Los Angeles

Area Highland Park

Zoning LAC2

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(213) 434-2433

[email protected]

California, 91214-1304, USA

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4201 N Figueroa St