550 North Figueroa Street, Los Angeles, CA 90012

Chinatown, Historic Cultural, Central LA, Los Angeles
Building in Historic Cultural
Built in 2007
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By Eric Kang
Welcome to 550 North Figueroa Street, a building located in Chinatown, Historic Cultural, Central LA, Los Angeles in Los Angeles, CA. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2007. According to local assessors, the total value of the building is currently valued at $6,092,653. Specifically, the value of the land that the property sits on has been assessed at $5,473,779. The building was last assessed in 2022.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Amenities
Fitness Center
Facts
General
Year Built
2007
Effective Year Built
2007
Building Count
1
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
Pool
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Land Acres
1.836
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
Legal Description 1
PARK TR VAC STS, EX OF ST LOTS 12 THRU 18, EX OF STS LOTS 19 AND 20 BLK 2
Ownership
Current Owner's Name
II INC
Current Owner 2's Name
PALMER BOSTON STREET PROPERTIES
Owner Address - City
BEVERLY HILLS
Owner Address - State
CA
Owner Address - ZIP Code
90210
Second Owner Is a Corporation
Yes
Second Owner Last Name
PALMER BOSTON STREET PROPERTIE
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Los Angeles Unified School District
Census Tract
207101
Census Block Code
1009
Census Group
1
Census Year
2018
Census - Combined Statistical Area - Area Code
348
Census - Combined Statistical Area - Area Name
Los Angeles-Long Beach, CA
Census - County FIPS
06037
Census - Full FIPS
060372071011009
Census - Metropolitan Division - Area Code
31084
Census - Metropolitan Division - Area Name
Los Angeles-Long Beach-Glendale, CA
Census - Metro Micro Statistical Area - Area Code
31080
Census - Metro Micro Statistical Area - Area Name
Los Angeles-Long Beach-Anaheim, CA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
0644000
Census Source
US Census Bureau
Census State FIPS
06
Census Tract Code
207101
School District - Unified - Grade High
12
School District - Unified - Grade Low
KG
School District - Unified - LEA Code
0622710
School District - Unified - Name
Los Angeles Unified School District
Zoning
Zoning
LAR5
Geography
Parcel
5407-003-039
Block
2
Lot
12-20
Lot Code
unknown
Municipality
HALL OF ADMIN/CONDO-CENT. CITY
Latitude
34.061
Longitude
-118.246
FIPS
06037
Mailing Carrier Code
C003
Mailing Street Direction
N
Mailing Full Street Address
270 N CANON DR PH
Mailing House Number
270
Mailing Street Mode
DR
Mailing Street
CANON
Mailing Unit Type
PH
Mailing 4-Digit Zip Code
5312
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2023-06-15 20:51:44
UCID Flag
C
More About The Building
In total, the building area is listed as 1,730 square feet. The building itself has 1,730 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 550 North Figueroa Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Historic Cultural area have a median price of $2,390. Those in the 25th percentile, have a price around $2,167. While those in the 75th percentile, have a price around $3,182. Typically, the buildings in this area have a median sqft of 860. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $3. While the price per sqft for buildings in the 75th percentile is $3. As a breakdown, we've included the following stats:

  • There are currently a total of 12 studio listings. The median price for these types of listings is $2,001. That's $3.42 price per sqft.

  • There are currently a total of 21 one bedroom listings. The median price for these types of listings is $2,244. That's $3.17 price per sqft.

  • There are currently a total of 19 two bedroom listings. The median price for these types of listings is $2,920. That's $2.67 price per sqft.

  • There are currently a total of 2 three bedroom listings. The median price for these types of listings is $5,822. That's $3.09 price per sqft.

  • There are currently no four bedroom listings being advertised in the area.
About The Area
550 North Figueroa Street is located in Los Angeles County, California. There are 10,057,155 people living here. There are 3,281,845 households. Most of these households have an average family size of 3.69 people. According to the census, 54% are currently renting while 46% own their homes. The median age of this population is around 35.8 years old. On average, most folks in the county are unmarried. About 57% of folks speak a language other than English in this area. The area's employment rate is currently around 58.6%. Speaking of employment, the median income is $57,952. Most folks will commute by car for around 30.4 minutes. Finally, we know that 21% of residents in the area have graduated with their high school degree. Additionally, 20% and 11% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. Los Angeles - Long Beach - Anaheim, CA Urban Area has a population of 12,492,745 people. Based on census records, there are 4,042,635 registered households. Families in this area are on average made up of 3.68 people per household. Most folks are unmarried. They are also typically around 35.9 years old. Does diversity matter to you? Right now, 56% of folks speak a language other than English here. About 53% rent while 47% purchased their homes. Right now, the community is made up of 20% of residents who have graduated with at least a high school degree. On top of that, 21% have a Bachelor's degree and 11% have a Master's degree. The employment rate is currently around 59.3%. Those employed, have a median income of $60,884. If you move here, you can expect to commute mostly by car for around 29.6 minutes.

$2,001
Studio Median Rent
$2,244
1BR Median Rent
$2,920
2BR Median Rent
$5,822
3BR Median Rent
PUBLIC TRANSIT
55
60
Figueroa / Sunset (Under 500 ft - 3 min walk)
Metro - Los Angeles
4
Sunset / Figueroa (Under 500 ft - 3 min walk)
Metro - Los Angeles
4
Sunset / Figueroa (Under 500 ft - 3 min walk)
Metro - Los Angeles
4
Cesar E Chavez / Grand (840 ft - 3 min walk)
Metro - Los Angeles
10/48
92
Temple / Figueroa (840 ft - 4 min walk)
Metro - Los Angeles

Nearby Schools

(within attendance boundary)
Castelar Street Elementary  •  0.41 mi
840 Yale St., Los Angeles, CA 90012
Public  •  Elementary  •  Grades KG to 5
Los Angeles Unified School District
Florence Nightingale Middle  •  2.35 mi
3311 N. Figueroa St., Los Angeles, CA 90065
Public  •  Middle School  •  Grades 6 to 8
Los Angeles Unified School District
450 N. Grand Ave., Los Angeles, CA 90012
Public  •  High School  •  Grades 9 to 12
Los Angeles Unified School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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