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16101 S Figueroa Gardena, CA 90248
0.45 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26007642
HOA Y/N No
Year Built 2023
Lot Size 0.446 Acres
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.
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 54.0
Garage Description 54.0
Pool None
Community Features Urban
Total Parking Spaces 54
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 4
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6120023033
Acceptable Financing Cash to New Loan, Owner Will Carry
Listing Terms Cash to New Loan, Owner Will Carry
Special Listing Condition Standard
Listed by Behrouz Lavi Keller Williams Realty-Studio City 818-235-7290, DRE #01482721
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