12016 S Figueroa Street, Los Angeles, CA 90061

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
12016 S Figueroa Street,Los Angeles, CA 90061
$799,000
  • 0.26 Acres
  • Lots / Land
  • Active
Listed by: daniel shamooelian
Office: keller williams beverly hills
MLS#:25567597
Source:CRMLS

Price summary

  • Price:$799,000

About this home

We are pleased to present for sale an excellent affordable housing development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. Zoned R3-1, the combined lot size of 11,362 sqft makes this a prime candidate for a 100% fully affordable ED 1 apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in

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Home facts

  • Listing ID #:25567597
  • Added:148 day(s) ago
  • Updated:December 18, 2025 at 11:44 AM

Structure and exterior

  • Lot area:0.26 Acres

Finances and disclosures

  • Price:$799,000
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