8115 S Figueroa Street, Los Angeles, CA 90003
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Listed Price :
$899,000
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Beds :
7
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Baths :
5
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Property Size :
2,248 sqft
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Year Built :
1950
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.
Interior Features
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
5 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
8115 S Figueroa Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90003 |
| County |
Los Angeles |
| Listing Agent |
Shamim Khorsand Mashhadi DRE #02042990 |
| Courtesy Of |
RE/MAX ESTATE PROPERTIES |
| List Price |
$899,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,248 |
| Lot Size |
6,501 |
| Year Built |
1950 |
Listing information courtesy of: Shamim Khorsand Mashhadi, RE/MAX ESTATE PROPERTIES. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:28 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
