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8115 S Figueroa St
Los Angeles, CA 90003
Residential Multi Family (Other)
0.15 Acres
2248 Sqft Living Area
8 Bedrooms
0 Bathrooms (0 Full, 0 Half)
Year Built: 1950
$899,000
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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.
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Contact Details
Name: Shamim Khorsand Mashhadi
Email: shamim90291@yahoo.com
MLS Listing Id: 24-404581
Agent Phone: (310) 802-2260
List Agent License:
Office Name: RE/MAX ESTATE PROPERTIES
Office Phone: (310) 802-2260
Office MLS Id: X2002565
Listing Status: Active
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
