16101 S Figueroa, Gardena, CA 90248
- $2,900,000
- List Price
- $2,900,000
- Price Change
- ▼ $50,000 1787621176
- Status
- ACTIVE
- MLS#
- SR26007642
- Year Built
- 2023
- Lot Size
- 19,421
- Acres
- 0.45
- Lot Location
- 36-40 Units/Acre
- Days on Market
- 199
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
DEVELOPERS – DON’T MISS THIS OPPORTUNITY! Exceptional opportunity to acquire a 19,500 SF corner lot in the City of Los Angeles with significant development potential. Preliminary concepts indicate the potential for approximately 140 units of affordable housing, subject to city approvals. The property offers a compelling basis at approximately $20,000 per potential unit, providing an attractive entry point for developers seeking a large-scale residential development opportunity. Conveniently located near freeways, schools, shopping, and everyday amenities, making this an attractive location for a residential development project. The seller may consider financing for a qualified buyer, potentially providing additional flexibility through the RTI process.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 54
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 140
Listing courtesy of Listing Agent: Behrouz Lavi (b.lavi@kw.com) from Listing Office: Keller Williams Realty-Studio City.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.