8115 S Figueroa Street Los Angeles, CA 90003
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site35 Days
- MLS StatusActive
- MLS ID Number24404581
- Home Size Source N/A
- Year Built1950
- Lot Size0.1492 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Driveway
- Parking Spaces 6
- Number of Stories 11
- Acreage 0.1492
- Zoning LAC2
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
- Appliances Refrigerator
Community Features
- Senior Community No
- MLS Area C36 - Metropolitan Southwest