Shovel-Ready Multifamily Development
For Sale
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5304 S Figueroa, Los Angeles, CA 90037
Vacant, RTI shovel-ready land approved for a 32-unit, 3-story wood-frame affordable multifamily project.
Property SizeContact for details
Lot Size0.28 Acres
Days on Market189
Property Features for 5304 S Figueroa
General Information
Standard status
Active
Lot size
0.28 Acres
Property subtype
Land
Zoning
C2-1VL-CPIO
Additional Details
Multifamily Units
32
Building Details
Stories
3
Construction
wood-frame
Listing Agency:
Keller Williams Luxury
Listed By:
Deborah Moussighi · License #01487871
Source:
Crexi
Added: Feb 1
Changed: Aug 8
Last Checked: Mar 26 at 12:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Luxury
Investment Insights
Based on property information with market context.
This vacant development site is delivered as RTI (ready-to-issue) and shovel-ready for a planned 32-unit, 3-story wood-frame multifamily project. The project is approved for 100% affordable housing, with plans and documentation available upon request.
Located at 5304 S Figueroa St in Los Angeles along the S Figueroa corridor, the site is positioned to take advantage of Transit Oriented Communities (TOC) Tier 1 incentives. The property is zoned C2-1VL-CPIO, which is intended to provide development flexibility for qualified affordable housing projects.
The offering includes RTI approvals in hand, supporting immediate commencement of construction upon buyer readiness, helping reduce entitlement risk and approval timeline exposure.
Located at 5304 S Figueroa St in Los Angeles along the S Figueroa corridor, the site is positioned to take advantage of Transit Oriented Communities (TOC) Tier 1 incentives. The property is zoned C2-1VL-CPIO, which is intended to provide development flexibility for qualified affordable housing projects.
The offering includes RTI approvals in hand, supporting immediate commencement of construction upon buyer readiness, helping reduce entitlement risk and approval timeline exposure.
Key Highlights
- RTI shovel‑ready development site for a 32‑unit, 3‑story wood‑frame multifamily project
- Fully approved for 100% affordable housing with RTI approvals in hand
- Zoned C2‑1VL‑CPIO, with Transit Oriented Communities (TOC) Tier 1 incentives
Property Analytics
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant, RTI shovel-ready land approved for a 32-unit, 3-story wood-frame affordable multifamily project.
Where is this residential land & home lot located?
The property is located at 5304 S Figueroa Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: RTI shovel‑ready development site for a 32‑unit, 3‑story wood‑frame multifamily project; Fully approved for 100% affordable housing with RTI approvals in hand; Zoned C2‑1VL‑CPIO, with Transit Oriented Communities (TOC) Tier 1 incentives
