Jerry Avila
    Jerry Avila
    (909) 908-9474jerryavila@allnationsontario.com
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    • Jerry Avila(909) 908-9474
      jerryavila@allnationsontario.com
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    • Jerry Avila
      1757 South Euclid Ave.
      Ontario, California 91762
      (909) 908-9474
      jerryavila@allnationsontario.com

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      California Regional Multiple Listing Service

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      $1,200,000
      For Sale

      6801 S Figueroa Street

      Los Angeles, CA 90003
      0.17 acres | #25496487
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      Listing OfficeKeller Williams Beverly Hills
      4 photos
      Type:Purchase
      Structure:Land
      Zone:Residential

      Description

      We are proud to offer an outstanding, Ready-to-Issue 38-unit affordable housing development opportunity in the heart of South Los Angeles. This prime project is located on a 7,202 SF lot and is designed with a 4-story Type V-A building under ED-1 incentives, maximizing both density and affordability. With a total floor area of 22,909 SF and 18,036 SF of rentable space, the development includes 32 one-bedroom units and 6 studio apartments, all of which will be affordable to low- and moderate-income residents. The design eliminates the need for parking, further reducing construction costs and ensuring long-term affordability.6801 S Figueroa St is in the Los Angeles State Enterprise Zone, offering additional benefits and incentives for development. The rent structure is highly attractive: 80% of the units are designated for TCAC Schedule IX low-income tenants, while 20% will be reserved for HCD Schedule VI moderate-income tenants. In addition, the property's proximity to Section 8 voucher opportunities could boost rental income by up to 20% per unit. Located in the rapidly transforming South Los Angeles area, this property is at the center of a vibrant community undergoing revitalization, with new developments and improvements enhancing the neighborhood. The site is ideally positioned near essential amenities such as schools, healthcare centers, and parks, making it a prime location for individuals and families in need of affordable housing. With a Walk Score of 76, it's also within walking distance of local shops, dining, and services. With all entitlements and approvals secured, the project is Ready-to-Issue and will be delivered vacant at the close of escrow, providing an immediate and seamless path to development.

      • Property Details
          • CountyLos Angeles
          • Original List Price$1,425,000
          • Property TypePurchase
          • MLS #25496487
          • MLS #25496487
          • Cost1200000
          • Acres0.1653
          • Property SubtypeLand

      Location

      Legal

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      Last Updated: Yesterday at 10:56 PM. Source: CRMLS

      Provided By
      Listing Agent: Jordan Petito (#CLW-C130285)
      Listing Office: Keller Williams Beverly Hills (#CLW-X74054)

      Jerry Avila#TheRealEstateGuy
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