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4122 N Figueroa Street, Los Angeles, California 90065, Los Angeles, 90065 - 3 bed, 1 bath

4122 N Figueroa Street, Los Angeles, California 90065 home-pic-0
ACTIVE$1,350,000
4122 N Figueroa Street, Los Angeles, California 90065
3Beds
1Bath
2,797Sqft
7,000Lot
Year Built
1920
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$483
HOA
-
Days on market
-
Sold On
-
MLS number
P1-23460
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,5 Pros.

LISTED FOR LAND VALUE.Prime development opportunity in trendy Highland Park. This 7000 square foot lot property is zoned LAC2 - Mixed Use commercial/office/residential. Currently the property consists of a 2 unit commercial building in the front, and a 3 bedroom single family residence in the rear.A historic neighborhood in Northeast Los Angeles, Highland Park is one of the most highly sought-after neighborhoods in Los Angeles as it is in the center of three popular work and entertainment destinations with DTLA to the south, Pasadena to the east and Glendale to the west. Offering close proximity to the 110 Freeway, and the Highland Park Station on the Metro Gold Line, Figueroa Street is optimal for an easy commute throughout Los Angeles, while in walking distance to restaurants, boutiques, coffee shops etc.!

Price History

Date
Event
Price
07/28/25
$1,350,000
Condition Rating
Tear down
The property, built in 1920, is explicitly listed for 'LAND VALUE,' indicating that the existing structures are considered functionally obsolete and require demolition. The images confirm the extremely poor condition of both the commercial units and the residential structure. The kitchen, while having a newer stove, features very old cabinets, countertops, flooring, and an outdated light fixture, reflecting significant deferred maintenance. No bathroom images are provided, but given the overall state and age, it's highly probable they are in similar or worse condition. The property's value is clearly based on its redevelopment potential, aligning perfectly with the 'tear-down' criteria.
Pros & Cons

Pros

Prime Development Opportunity: The property is explicitly listed for 'LAND VALUE' and highlighted as a 'Prime development opportunity,' indicating significant potential for new construction or substantial redevelopment.
Flexible Mixed-Use Zoning (LAC2): Zoned LAC2, this property allows for diverse development options including commercial, office, and residential uses, maximizing its potential value and market appeal.
Highly Sought-After Location: Situated in Highland Park, a trendy, historic, and highly desirable neighborhood in Northeast Los Angeles, known for its vibrant community and growth.
Exceptional Connectivity & Accessibility: Offers close proximity to the 110 Freeway and the Metro Gold Line (Highland Park Station), providing optimal access to DTLA, Pasadena, and Glendale.
Strong Walkability & Local Amenities: Located on Figueroa Street, it's within walking distance to numerous restaurants, boutiques, and coffee shops, enhancing its appeal for future residents or commercial tenants.

Cons

Implication of 'Land Value' Listing: Being listed for 'LAND VALUE' suggests the existing 1920-built structures (commercial units and residence) are likely considered functionally obsolete or in poor condition, requiring demolition rather than renovation.
Demolition & Redevelopment Costs: Significant upfront costs will be incurred for the demolition of the existing two-unit commercial building and the three-bedroom single-family residence to prepare the site for new development.
Age of Existing Structures: Built in 1920, the current buildings are very old, which typically implies substantial deferred maintenance, outdated systems, and potential structural issues, making them a liability rather than an asset for most buyers.

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