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$ 899,000
Est. payment /mo
Active
8115 S Figueroa ST Los Angeles, CA 90003
7 Beds
5 Baths
2,248 SqFt
UPDATED:
12/05/2024 02:28 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,248 sqft
Price per Sqft $399
MLS Listing ID 24404581
Bedrooms 7
Construction Status Additions/Alterations
HOA Y/N No
Year Built 1950
Lot Size 6,499 Sqft
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 C36 - Metropolitan Southwest
Zoning LAC2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Driveway
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Additions/Alterations
Others
Senior Community No
Tax ID 6032024006
Financing Cash
Special Listing Condition Standard
Listed by Shamim Khorsand Mashhadi • RE/MAX ESTATE PROPERTIES