12016 S Figueroa Street
Los Angeles, CA 90061
- – beds
- – baths
- 11,362 sqft
- 11,362 sqft lot
- $74 per sqft
- – on site
We are pleased to present for sale an excellent affordable housing development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. Zoned R3-1, the combined lot size of 11,362 sqft makes this a prime candidate for a 100% fully affordable ED 1 apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in place. Currently monthly income from the units is $3,200/month, collect income while going through entitlements! Buyer to verify all zoning & density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 & 110 Freeways). Do not miss this opportuni
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Last updated May 9, 2025
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MLS# CL25532377 —
This property is listed in more than one place. See it here.
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area:11362
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Living Area Units:Square Feet
Location
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Directions:South of the 105 Freeway, North
The Property
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Property Type:Land
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Property Subtype:Unimproved Land
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Parcel Number:6117004005
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Zoning:LAR3
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Lot Size Area:0.26
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Lot Size Acres:0.26
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Lot Size SqFt:11362
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- Agent phone:
- (310) 651-1800
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/1/25
May 1, 2025
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Listed / Active | BRIDGE | $850,000 | |
|
7/16/24
Jul 16, 2024
|
Price Changed | CRMLS_CA | ||
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7/2/24
Jul 2, 2024
|
Price Changed | CRMLS_CA |
