8115 S Figueroa Street, Los Angeles, CA 90003

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Property Description

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.


Interior Features

Bedroom Information
Bedrooms 7
Bathroom Information
Bathrooms 5
Interior Information
Cooling Type None

Listing Information

Address 8115 S Figueroa Street
City Los Angeles
State CA
Zip 90003
County Los Angeles
Listing Agent Shamim Khorsand Mashhadi DRE #02042990
Courtesy Of RE/MAX ESTATE PROPERTIES
List Price $899,000
Status Active
Type Residential Income
Structure Size 2,248
Lot Size 6,501
Year Built 1950

Listing information courtesy of: Shamim Khorsand Mashhadi, RE/MAX ESTATE PROPERTIES. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.