12016 South Figueroa Street

12016 South Figueroa Street

Los Angeles, CA 90061

$1,060,000
Price
11,362 / 0.26
Lot Size / Acres

Description

We are pleased to present for sale an (ED 1) Executive Directive 1 affordable development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. The combined lot size of 11,362 sqft makes this a prime...We are pleased to present for sale an (ED 1) Executive Directive 1 affordable development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. The combined lot size of 11,362 sqft makes this a prime candidate for a 100% fully affordable apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in place. Currently monthly income from the units is $3,200/month, collect income while going through entitlements! Buyer to verify all zoning & density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 & 110 Freeways). Do not miss this opportunity to build in a centrally located part of LA with tons of upside at an affordable price point. Contact listing agent for more details!
  1. Listed by Daniel Shamooelian • DRE #01984269 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 12016 South Figueroa Street

Zoning
LAR3
Parcel Number
6117004005
Area
Metropolitan Southwest (C36)
Lot Size Area
11362
Source Lot Size Area
Estimated
Assessor Parcel Number
6117-004-005
Directions
South of the 105 Freeway, North of El Segundo Blvd, East of Vermont Ave, West of the 110 Freeway

Location

Listing Courtesy of Keller Williams Beverly Hills, Daniel Shamooelian, DRE #01984269
Add your commute
LISTING UPDATED: 04/10/2024 12:01 AM

Property Details for 12016 South Figueroa Street

StatusActive
MLS #24-374701
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.26 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Daniel Shamooelian, DRE #01984269
Add your commute

Building Information for 12016 South Figueroa Street

Lot Size0.26 AC

Payment Calculator

$6,187 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,785

Property Taxes

$402

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12016 South Figueroa Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.2179
  • Lot Size Square Feet: 11362
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-04-2024

Property History for 12016 South Figueroa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12016 South Figueroa Street

Taxable ValueLand$210,914Additions$111,655Total$322,569
Tax Record2023$4,827 ($402 / month)
Home Facts
Total Finished SqFt1,773 SqFtAbove Grade Finished SqFt1,773 SqFtLot Size9,490 SqFtStyleDuplexYear Built1914ZoningLAR3CountyLOS ANGELESAPN6117-004-005

Schools near 12016 South Figueroa Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
One Hundred Twenty-Second Street Elementary School
Public - K to 5
Alliance Jack H. Skirball Middle School
Charter - 6 to 8
Alain Leroy Locke College Prep Academy
Charter - 9 to 12
University Pathways Medical Magnet Academy
Public - 9 to 12
Rating
School
Distance
One Hundred Twenty-Second Street Elementary School
PublicK to 5

Alliance Jack H. Skirball Middle School
Charter6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

University Pathways Medical Magnet Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 12016 South Figueroa Street, Los Angeles, CA 90061

12016 South Figueroa Street is a 0.26 ac of land for sale in Los Angeles, CA 90061. This property was listed for sale on April 2, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,060,000. It has been on the market for a total of 29 days and was last sold on September 23, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Twenty-Second Street Elementary School, Alliance Jack H. Skirball Middle School and Alain Leroy Locke College Prep Academy. 12016 South Figueroa Street is a 0-bed, 0-bath, 0.26 ac of land on a 11,362 sq. ft. / 0.26 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Daniel Shamooelian, DRE #01984269

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.