Vermont Knolls Potential Conversion
8301 S Figueroa St, Los Angeles, CA 90003
Remodeled South Los Angeles property suitable for various uses.
Type:Multifamily
Property size:
5,002 SFPrice / SF:
$419/SF- Added:
- Jan 27, 2026
- Days on Market:
- 110
- Last Refresh:
- Apr 5 at 11:58 pm
Property Features for 8301 S Figueroa St
General Information
- Standard status
- Active
- Size
- 5,002 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing agent Luis Vazquez License #CalDRE #00841513 (310) 704-9109
Listing office Sperry Commercial Global Affiliates Irvine (310) 704-9109
Listing date Jan 27, 2026
Source Sperrycga
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 Sperry Commercial Global Affiliates Irvine
HighLights
- Highly visible corner lot location with excellent street exposure on Figueroa, offering potential for various uses.
- Remodeled in 2025 and ready for potential conversion, potentially 'As Is', reducing immediate renovation costs.
- Several potential uses including permanent housing, clinic, medical or dental, school, or hospital, offering flexibility for investors.
- Located in the Vermont Knolls area of South Los Angeles, with easy access to the 110 Freeway.
- Seller motivation due to vacant building, potentially leading to a favorable purchase price.
- Potential tax credits available due to 10+ years of ownership.
Overview
Located in the Vermont Knolls area of South Los Angeles, this property, formerly the New Bay Motel, presents a conversion opportunity. The property is bounded by Florence Avenue, the 110 Freeway, Manchester Boulevard, and Normandie Avenue, offering easy access to the 110 Freeway. The building was initially a 21-room motel with 21 bathrooms, but a previous tenant converted the interior into 7 large rooms with a community bathroom/shower area containing 6 individual shower areas, 6 sinks, and 6 toilet stalls. Each of the 7 rooms has been remodeled with wood vinyl floors and paint. The property has street exposure on Figueroa. Exterior perimeter gates have been installed, and a security guard is present during the evenings. The property is well-positioned for conversion to a higher and better use and is suitable for permanent housing, a clinic, medical or dental office, school, or hospital. The property sits on a highly visible corner lot. The building was remodeled in 2025.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
New Bay Motel
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.283
- Latitude
- 33.963
Nearby Similar for Sale
FAQs
What type of property is this?
Medical space - Remodeled South Los Angeles property suitable for various uses.
Where is this medical space located?
The property is located at 8301 S Figueroa St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Highly visible corner lot location with excellent street exposure on Figueroa, offering potential for various uses.; Remodeled in 2025 and ready for potential conversion, potentially 'As Is', reducing immediate renovation costs.; Several potential uses including permanent housing, clinic, medical or dental, school, or hospital, offering flexibility for investors.
