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10/22/24
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Here’s some info on an interesting commercial property listing in Los Angeles that landed in our newsroom. The property is the historic, 100-year-old Highland Theater property in the city’s Highland Park area. The asset is located at 5600 N. Figueroa St, just off the 110 Fwy roughly six miles northeast of downtown Los Angeles.
Constructed in 1924, the asset has an assessed building area of 21.6k sf and a BOMA building area of 31.6k sf, on a 15.1k sf lot zoned C4. It was designated an historic monument in 1991.
The unique property has a 50’ flytower with curtains/stage, three screens on the ground level, a grand theater, four retail units and four vacant apartments. It includes concession areas, locker rooms, restrooms and projector rooms.
The site produces $94k/year in ancillary income from telecom leases with T-Mobile and Dish. It is close to many local places for food.
Aram Pogosian and Maguire Parsons with Industry Partners have the listing. There is not an asking price being given out.
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