$1,825,000
Active
30 Days Online
0 Beds0 Baths0 SQFT
Active
7404 S Figueroa Street Los Angeles, CA 90003
Located on South Figueroa Street in South Los Angeles, this cash-flowing covered land opportunity is an amazing opportunity for a developer seeking in-place cash flow while seeking entitlements. Currently, the property contains (6) - 2 bed / 1 bath units with a strong cap rate of 6.22% in-place. As a development site, there is potential to develop a 100% affordable apartment building containing 157 units (buyer to verify). The identical neighboring property received approvals for 157 units and sold in September of 2023 for $3, 910, 039.
- Property TypeLand
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site29 Days
- MLS StatusActive
- MLS ID NumberP1-18775
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.2663 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 7404 S Figueroa Street Los Angeles, CA 90003
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| 4 weeks ago |
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General Features
- Parking Spaces 0
- Acreage 0.2663
- Water Public
- Zoning LAC2-1VL
- Listing Conditions Real Estate Owned
Exterior Features
- View None
- Fencing Wrought Iron
- Lot Sprinklers None
- Road Frontage AlleyCity Street
Community Features
- Association Dues 0
- Community Features Street LightsSidewalks
- Senior Community No
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Monthly Payment (Est.)
$8,838Copyright ©2024 Information is deemed reliable but not guaranteed.