StatusAccepting Backup Offers (Active Under Contract)
About 6817 N Figueroa St
6817-6819 North Figueroa Street is a 21-unit apartment community conveniently located north of the intersection at York Boulevard and Figueroa Street in Highland Park. Built between 1954 and 1955, the property includes an excellent apartment mix of 14 2-bedroom units along with 6 1-bedroom units and a converted/permitted (combined) 4-bedroom unit. The 2-story garden-style apt. building consists of 16,388 SF of bldg. area sitting upon over 21,000 SF of lot area zoned RD1.5-1. The property has not been renovated to top-of-market standards for 2024-2025, presenting a new owner/investor with a unique value-add opportunity to maximize income and value through a robust rehab/renovation strategy. Built between 1954 and 1955, 6817-6819 N. Figueroa Street is fully subject to LA’s Citywide RSO. It is separately metered for Gas/Electricity. The section of the property facing Figueroa Street between the two “arms” of the U-Shaped structure currently houses A) a 1-car garage used for storage, B) a machine storage room, and C) an exercise room. All three of these spaces may be converted for additional garage parking, ADU’s, or additional common space. (Buyer to Verify) 6817-6819 N. Figueroa St.'s current ownership is a Non-Profit Organization, and has established artificially low rental rates over the years. The property has enormous rental upside with a proforma cap rate of 6.46% and a proforma GRM of 10.67 post-rehab/renovation. 6817-6819 North Figueroa Street can operate as a traditional apartment complex (w/ regular rental unit registration, SCEP inspections, etc.) The apartments feature a unique notification alarm/light system which helps to ensure security. Overall, 6817-6819 North Figueroa Street represents a very rare opportunity to own a mid-sized apt. asset with a strong unit mix, tremendous upside potential, and a strategic central location in a popular rental market. Only approx. 6-8% of the apt. properties in 90042 are 16+ units in total. Residents of 6817-6819 N. Figueroa St. also enjoy easy access to transit, with the Metro Gold Line station and 110 Fwy nearby. 6817-6819 N. Figueroa St. may be purchased individually or together with 2 adjacent parcels: 6079 La Prada St. (13-Unit Apt. 1985 Constr.) and 6801 N. Figueroa St. (4-Suite Corner Retail 1974 Constr.) Altogether, the portfolio covers just over 1 Acre of contiguous residential land in Highland Park.
This property is $4.0M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24039591
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 340-3826
Listing Agent: Evan Monroe
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 8:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 26, 1988
Apr 26, 1988Home Sold
$247,502
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,528
$620,333
2020
$1,955
$613,973
2019
$2,638
$601,935
2018
$8,499
$590,133
2017
$8,499
$578,563
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Annandale Elementary School
6125 Poppy Peak Dr
Distance between this listing and this school0.18 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school9.52 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school26.60 miles
Public Magnet Grades 1-5
Middle School
4
/10
Luther Burbank Middle School
6460 N Figueroa St
Distance between this listing and this school0.48 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.21 miles
Public District Grades 6-8
High School
7
/10
Eagle Rock High School
1750 Yosemite Dr
Distance between this listing and this school1.17 miles
Public Magnet Grades 7-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.28 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school18.57 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Annandale Elementary School
6125 Poppy Peak Dr
Distance between this listing and this school0.18 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school9.52 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school26.60 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Luther Burbank Middle School
6460 N Figueroa St
Distance between this listing and this school0.48 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.21 miles
Public District Grades 6-8
Nearby Schools
5
/10
Arroyo Seco Museum Science
4805 Sycamore Ter
Distance between this listing and this school1.91 miles
Public Magnet Grades KG-8
Assigned Schools
7
/10
Eagle Rock High School
1750 Yosemite Dr
Distance between this listing and this school1.17 miles
Public Magnet Grades 7-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.28 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school18.57 miles
The neighbors living near this home have an average income of $67,811. The majority of Los Angeles, CA residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6817 N Figueroa St
What is the listing price of this property?
The listing price of 6817 N Figueroa St property is $5,030,000.
What type of property is this?
The property 6817 N Figueroa St is a condo located in Los Angeles, California, 90042.
Is this property for sale now?
Accepting Backup Offers: 6817 N Figueroa St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 6817 N Figueroa St are: Annandale Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Luther Burbank Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Eagle Rock High School: GreatSchools Rating 7/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,528 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 26, 1988 for $247,502. (source: MLS/tax record).
Which year was this property built?
The year of construction for 6817 N Figueroa St is 1954.
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This home is located at 6817 N Figueroa St in Los Angeles, CA and zip code 90042 in the Northeast LA neighborhood. This home, which was built in 1954, sits on a 0.49 acre lot. It has been listed on Rocket Homes since February 27, 2024 and is currently priced at $5,030,000.
Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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