6719 S Figueroa Street, Los Angeles, CA 90003

Local realty services provided by:ERA North Orange County Real Estate
6719 S Figueroa Street,Los Angeles, CA 90003
$1,885,000
  • 0.23 Acres
  • Lots / Land
  • Active
Listed by:jordan petito
Office:keller williams beverly hills
MLS#:25496603
Source:CRMLS

Price summary

  • Price:$1,885,000

About this home

We are proud to offer an outstanding, Ready-to-Issue 58-unit affordable housing development opportunity in the heart of Los Angeles at 6719 S Figueroa St., Los Angeles, CA 90003, located within the Los Angeles State Enterprise Zone. This prime project sits on a 9,805 SF lot and features a 4-story Type V-A building designed under AB 1763 and AB 2345 incentives, maximizing both density and affordability. With a total floor area of 24,774 SF and 20,049 SF of rentable space, the development includes 33 studio units, 25 one-bedroom units, and 1 market-rate manager's unit. Of these, 45 units are affordable to low-income tenants (80% AMI or lower), while 12 units are reserved for moderate-income residents (120% AMI or lower).Notably, this 100% affordable housing project eliminates the need for parking, significantly reducing construction costs and enhancing long-term affordability. The rent structure aligns with HCD Schedule VI and TCAC Schedule IX, ensuring a sustainable income model for

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Home facts

  • Listing ID #:25496603
  • Added:232 day(s) ago
  • Updated:September 26, 2025 at 10:46 AM

Structure and exterior

  • Lot area:0.23 Acres

Finances and disclosures

  • Price:$1,885,000
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