Redevelopment Opportunity in Los
For Sale
$900,000
6919 Figueroa, Los Angeles, CA 90003
Two parcels totaling 9,597 SF, ideal for redevelopment.
Property Size3,038 SF
Lot Size0.22 Acres
Price / SF$296.25
Days on Market198
Property Features for 6919 Figueroa
General Information
Standard status
Active
Size
3,038 SF
Lot size
0.22 Acres
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1941
Listing Agency:
Global Capital Advisors, Inc.
(818) 939-8855
Listed By:
Gary Mkrtichyan
Source:
Xome
Added: Feb 7
Changed: Aug 23
Last Checked: Aug 24 at 4:09AM
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 Global Capital Advisors, Inc.
Investment Insights
Based on property information with market context.
This Los Angeles property presents a redevelopment opportunity, consisting of two adjoining parcels totaling 9,597 square feet. Currently, the site features a former motel with two single-story buildings, encompassing approximately 3,038 square feet of existing structure, and includes 12 on-site parking spaces. The property is zoned LAC, offering flexibility for various future uses, though buyers should verify specific possibilities. The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked, pending necessary clearances and permits from the LA Department of City Planning and LADBS. This property is positioned as a value-add asset suitable for redevelopment, appealing to those looking to reimagine and revitalize the location. The property has a bike score of 78, indicating it is very bikeable, a walk score of 74, indicating it is very walkable, and a transit score of 61, indicating good transit options.
Key Highlights
- Exceptional Redevelopment Opportunity: LAC Zoned property consisting of two adjoining parcels totaling 9,597 SF.
- Prime Investment Potential: Value‑add asset priced for redevelopment in a high‑demand market.
- Flexible LAC Zoning: Offers significant upside potential for a variety of future uses (buyer to verify).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two parcels totaling 9,597 SF, ideal for redevelopment.
Where is this commercial land located?
The property is located at 6919 Figueroa Los Angeles, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Exceptional Redevelopment Opportunity: LAC Zoned property consisting of two adjoining parcels totaling 9,597 SF.; Prime Investment Potential: Value‑add asset priced for redevelopment in a high‑demand market.; Flexible LAC Zoning: Offers significant upside potential for a variety of future uses (buyer to verify).
