8115 S Figueroa St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,248 sqft
Price per Sqft $399
MLS Listing ID 24-404581
Bedrooms 7
Year Built 1950
Lot Size 6,501 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 Metropolitan Southwest
Zoning LAC2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Range/Oven, Refrigerator
Exterior
Garage Driveway
Garage Spaces 6.0
Building
Story 1
Others
Special Listing Condition Standard