6919 S Figueroa, Los Angeles, CA 90003
- $900,000
- List Price
- $900,000
- Price Change
- ▼ $199,000 1777580333
- Status
- ACTIVE
- MLS#
- GD26040096
- Year Built
- 1941
- Lot Size
- 9,600
- Acres
- 0.22
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 156
- Property Type
- Commercial
- Property Sub Type
- Hotel/Motel
Property Description
Exceptional Redevelopment Opportunity – LAC Zoned | Two Parcels | Prime Investment Potential Unlock the potential of this rare redevelopment opportunity in Los Angeles—a good affordable housing development play. This LAC-zoned property consists of two adjoining parcels totaling 9,597 SF, currently improved with a former motel featuring two single-story buildings, approximately 3,038 SF of existing structure, and 12 on-site parking spaces. The property presents a blank canvas for investors, developers, and visionaries seeking to reposition or redevelop in a high-demand market. With flexible LAC zoning and substantial lot size, the site offers significant upside potential for a variety of future uses (buyer to verify). The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS. This is an opportunity to acquire a value-add asset priced for redevelopment — ideal for those ready to reimagine and revitalize. Buyer to conduct their own due diligence regarding zoning, permits, and redevelopment potential.
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Additional Information
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Gary Mkrtichyan (yourrealtorgary@gmail.com) from Listing Office: Global Capital Advisors, Inc..
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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.