Redevelopment Opportunity in Los
6919 S Figueroa Los Angeles, CA 90003
For Sale
$900,000
Two parcels totaling 9,597 SF, ideal for redevelopment.
Property Size3,038 SF
Lot Size0.22 Acres
Price / SF$296.25
Days on Market97
Property Features for 6919 S Figueroa
General Information
Standard status
Active
Size
3,038 SF
Lot size
0.22 Acres
Property subtype
Commercial
Building Details
Year Built
1941
Listing Agency:
(818) 939-8855
Listed By:
Gary Mkrtichyan
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 6:37AM
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 Gary Mkrtichyan
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 The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked, pending necessary clearances and permits from the LA Department of City Planning and LADBS.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
Location Intelligence
Current Use
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 S 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).
