Daniel Shamooelian
This listing was posted on RealtyWW.
$1,060,000
Plot For Sale In Los Angeles, California
Price:
$1,060,000
Location:
12016 S Figueroa St, Los Angeles, CA
Description:
We are pleased to present for sale an (ED 1) Executive Directive 1 affordable 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 611700XXXX (City of LA) and APN 611700XXXX (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. The combined lot size of 11, 362 sqft makes this a prime candidate for a 100% fully affordable 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 and density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 and 110 Freeways). Do not miss this opportunity to build in a centrally located part of LA with tons of upside at an affordable price point. Contact listing agent for more details!For more details: https://realtyww.info/land-lots_los-angeles-d523223/for-sale_i70295982
Property Type:
Land for Sale
Sq feet:
362 sq. ft.
For sale by:
Agent/Broker
Posted:
April 6 on RealtyWW
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Plot For Sale In Los Angeles, California
Plot For Sale In Los Angeles, California is a Land for Sale at 12016 S Figueroa St in Los Angeles CA. Find other listings like Plot For Sale In Los Angeles, California and listings near 12016 S Figueroa St by searching Oodle Classifieds for Land for Sale in Los Angeles CA.
Plot For Sale In Los Angeles, California is a Land for Sale at 12016 S Figueroa St in Los Angeles CA. Find other listings like Plot For Sale In Los Angeles, California and listings near 12016 S Figueroa St by searching Oodle Classifieds for Land for Sale in Los Angeles CA.