$ 899,000
8115 S Figueroa Street Los Angeles, CA 90003
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 899,000
Est. payment /mo
Active
8115 S Figueroa Street Los Angeles, CA 90003
2,248 SqFt
UPDATED:
09/11/2024 10:31 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,248 sqft
Price per Sqft $399
MLS Listing ID CL24404581
HOA Y/N No
Year Built 1950
Lot Size 6,501 Sqft
Acres 0.15
Property Description
Fantastic development opportunity. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). ED1 Eligible. Continue to rent out the property or develop this 6501 Sq Ft lot. Zoned LAC2 , this TOC Tier 1. With a FAR of 2.75 the total buildable area can be 17,877 sq. ft. Buyer to Verify with city planning for accuracy of all information. Property consists of one building with 6 separate units. Units 2,3,4,5 and 6 are studios. Unit 1 is a 2 bedroom / 1 bath and it was modified to a 3 bedroom / 1 bath without permits which is now rented on Airbnb 30day+ . The other 5 units are rented out on a month to month basis.
Location
State CA
County Los Angeles
Area Listing
Zoning LAC2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 6032024006
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Listed by Shamim Khorsand Mashhadi • RE/MAX ESTATE PROPERTIES