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8115 Figueroa Street
Los Angeles, CA 90003
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.
PROPERTY INFORMATION
| MLS # | 24404581 | Lot Size | 6,501 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 899,000
Price Per SqFt: $ 400 |
DOM | 321 Days |
| Address | 8115 Figueroa Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,248 Sq. Ft. |
| Postal Code | 90003 | Garage | N/A |
| County | Los Angeles | Year Built | 1950 |
| Bed / Bath | 7 / 0 | Parking | 6 |
| Built In | 1950 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $959
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/17/2024 | Listed | $975,000 |
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Listing provided courtesy of Shamim Khorsand Mashhadi, RE/MAX ESTATE PROPERTIES. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
