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12016 S Figueroa St Los Angeles, CA, 90061
$999,000 $51,000 Land for sale 0.26 acres
Price Reduced for Quick Sale! We are pleased to present for sale an (ED 1) Executive Directive 1 affordable development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. Zoned R3-1, the combined lot size of 11,362 sqft makes this a prime candidate for a 100% fully affordable apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in place. Currently monthly income from the units is $3,200/month, collect income while going through entitlements! Buyer to verify all zoning & density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 & 110 F
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Property details
11,362 sqft interior area
View
None
Land area
11,362 sqft (0.26 acres)
Price per sqft
$87/sqft
Days on Verhouse
45
Address
12016 S Figueroa St, Los Angeles, CA, 90061
City of California
Los Angeles
County
Los Angeles
Previous price
$1,050,000
District
Listing
Zoning
LAR3
Open Houses
No upcoming open houses
Listed by
Daniel Shamooelian, Keller Williams Beverly Hills
Name
Daniel Shamooelian
License number
01984269
Brokerage company
Keller Williams Beverly Hills
MLS #
CL24374701
Payment calculator
Calculate your monthly payments
Mortgage
$3,068
Taxes
$0
HOA dues
$0
Mortgage
$199,800 / 20%
2.28%
30 years
Your amount
$3,068 / month
Lot details
TMK #6117004005
Parcel #
6117004005
90061 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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Local airport
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no data
People living in 90061
49%
Families with children
National average: 39%
26%
Non family households
707,664
Population
$62,657
Average Income
Age & gender
Median age 32 years
More info
Commute types
85% commute by car
More info
Education level
33% have not graduated education
More info
Number of employees
1% work in construction
More info
Vehicles available
33% have 1 vehicle
More info
Vehicles by gender
33% have 1 vehicle
More info
Housing market insights for
$713.54k
Neighborhood average
sales price*
sales price*
$666.77k
Neighborhood median
sales price*
sales price*
542
Number
of sales*
of sales*
Housing type
51% are single detacheds
More info
Rooms
49% of the houses have 4 or 5 rooms
More info
Bedrooms
67% have 2 or 3 bedrooms
More info
Owners vs Renters
58% are renters
More info
9.67 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Location Details, Documents & Disclosures
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Directions to property
South of the 105 Freeway, North
Price history
Price Decrease May 13, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 13, 2024 | Price Decrease | $999,000 -4.86% | 87.92 | MLS #CL24374701 |
| May 8, 2024 | Price Decrease | $1,050,000 -0.94% | 92.41 | MLS #CL24374701 |
| Apr 2, 2024 | New Listing | $1,060,000 -3.55% | 93.29 | MLS #CL24374701 |
| Feb 1, 2024 | Unavailable | $1,099,000 | 0 | MLS #CRMB23141610 |
| Aug 17, 2023 | Price Decrease | $1,099,000 -8.42% | 390.69 | MLS #CRMB23141610 |
| Jul 31, 2023 | New Listing | $1,200,000 | 426.59 | MLS #CRMB23141610 |
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Frequently Asked Questions about 12016 S Figueroa St
What is 12016 S Figueroa St?
12016 S Figueroa St is a lot of 0.26 acres (about is 11,362 sqft).
What is the full address of this Land?
12016 S Figueroa St, Los Angeles, CA, 90061.
Tell me about the point of interest nearby
The closest grocery stores are Vons 1625, 2.4 miles away and Aldi, 2.62 miles away.
Based on information from the bridgeMLS as of 05-16-2024. 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.
Listing last updated on: May 13, 2024
Verhouse Last checked 7 minutes ago
The closest grocery stores are Vons 1625, 2.4 miles away and Aldi, 2.62 miles away.
The 90061 zip area has a population of 707,664, and 49% of the families have children. The median age is 32.65 years and 85% commute by car. The most popular housing type is "single detached" and 58% is renter.