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$ 700,000
Est. payment /mo
Price Dropped by $200K
6919 S Figueroa Los Angeles, CA 90003
9,600 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26040096
HOA Y/N No
Year Built 1941
Lot Size 9,600 Sqft
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The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS.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.
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The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS.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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Water Connected
Present Use Commercial
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 6013022027
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Gary Mkrtichyan Global Capital Advisors, Inc. 818-939-8855, DRE #01955014