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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 899,000

Est. payment -/mo

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Active

8115 S Figueroa ST Los Angeles, CA 90003

7 Beds

5 Baths

2,248 SqFt

UPDATED:

09/30/2024 06:21 PM

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

Garage Driveway

Parking Type 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

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

8115 S Figueroa ST Los Angeles, CA 90003

Key Details

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Interior

Exterior

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8115 S Figueroa ST