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Listed by Behrouz Lavi, DRE #01482721 • Keller Williams Realty-Studio City
$ 2,900,000
Est. payment /mo
Price Dropped by $50K
16101 S Figueroa Gardena, CA 90248
0.45 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26007642
Year Built 2023
Lot Size 0.446 Acres
Source California Regional MLS
Property Description
DEVELOPERS - DON'T MISS THIS OPPORTUNITY! Exceptional opportunity to acquire a 19,500 SF corner lot in the City of Los Angeles with significant development potential. Preliminary concepts indicate the potential for approximately 140 units of affordable housing, subject to city approvals. The property offers a compelling basis at approximately $20,000 per potential unit, providing an attractive entry point for developers seeking a large-scale residential development opportunity. Conveniently located near freeways, schools, shopping, and everyday amenities, making this an attractive location for a residential development project. The seller may consider financing for a qualified buyer, potentially providing additional flexibility through the RTI process.
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Interior
Laundry None
Exterior
Garage Spaces 54.0
Pool None
Building
Water District - Public
Others
Tax ID 6120023033
Special Listing Condition Not Applicable
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