Mixed-Use Land for Sale in Los Angeles, California

6801 S Figueroa St Los Angeles, CA 90003

1 / 4
$1,425,000
0.17 acres
Active
agoEst $8,275/mo

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.

Sq feet

Directions

To reach 6801 S Figueroa St, Los Angeles, CA 90003, take the Figueroa St exit from the I-10 freeway, head south on Figueroa St for several blocks, and the destination will be on your left near W 68th St.

Location

Street Address
6801 S Figueroa St
Elevation
148 feet
Coordinates
33.9781, -118.2829

Property details

Zoning
C2-1VL-CPIO
MLS Number
CLAW 25496487
Date Posted

Parcels

  • 6013-019-016

This 0.165-acre property is located at 6801 S Figueroa St in Los Angeles, CA 90003. The property is currently available for sale for $1,425,000. It has a structure. Listing data is sourced from Combined LA Westside Multiple Listing Service # 25496487.

Verify sale details at the property source or contact Keller Williams Beverly Hills at (310) 432-6400.

Report listing issue

Copyright (C) 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Checked 19 mins ago. Updated . Parcel data by Regrid.

Contact listing agent Message rules
By submitting, I agree to the terms of use, privacy policy, and to receive communications.
Contact agent