6719 S Figueroa Street, Los Angeles, CA 90003

Local realty services provided by:ERA North Orange County Real Estate
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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:187 day(s) ago
  • Updated:August 17, 2025 at 01:19 PM

Structure and exterior

  • Lot area:0.23 Acres

Finances and disclosures

  • Price:$1,885,000
Based on information from California Regional Multiple Listing Service, Inc. as of August 17, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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