16101 S Figueroa

About This Property

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.

Neighborhood

This property is located in Gardena. Want to learn more about the area?

Listing courtesy of Keller Williams Realty-Studio City

Listing data from CRMLS. Deemed reliable but not guaranteed.