Following commercial trends on North Figueroa Street, in the heart of Highland Park’s business district.
One of the first over one-million-dollar transactions of the current real estate boom on North Figueroa took place in March 2014. 5621 North Figueroa, the long time site of Mr. T’s Bowl, sold for $2,925,000.
- 5621 North Figueroa
- Structure: 7,296 square feet
- Lot size: 10,725 square feet
- Built in 1929
- Sold March 14, 2014
- $2,925,000
Joseph Teresa originally purchased the property in 1966, and ran the business, first as a bowling alley, and later as a live music venue.
The Teresa family listed the property for sale in November 2006, it did not sell. It was listed again in 2008, and did not sell. In January of 2013 it was listed for $2,950,000.
5621 N. Figueroa was purchased on March 14, 2014 by Accipiter Investments, LLC, based in San Francisco. The LLC is headed by Cyrus Etemad.