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For Sale

$700,000

9,601 sqft$73/sqft258 days on market

6919 S Figueroa St

Los Angeles, CA 90003

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

9,601

Square feet

1941

Built

Listing narrative

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 The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS.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.

Listing agent (MLS): Gary Mkrtichyan · Listing brokerage (MLS): Global Capital Advisors, Inc.

Property Details

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Price

$700,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Hotel/motel

Home Size

9,601 sqft

Baths

Baths n/a

Lot Size

0.22 acres

Year

1941

Status

For Sale

Days on Market

258

$ / Sqft

$73

· 8% down, 7% APR, 30yr fixed
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Courtesy of Global Capital Advisors, Inc.