$979000 Price Analysis   ♡   Los Angeles, CA 90061 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.26 acre lot. Listed 2024-04-04, Taxes $4628 | Ⓧ USDA Ineligible due to property near Los Angeles |
Price Reduced!
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 Stdium, Gardena, Downtown LA and much more. Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) and APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. Zoned R3-1, 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 inco me from the units is $3, 200/month, collect income while going through entitlements!
Buyer to verify all zoning and density regulations with LADBS, LA County and all relevant departments. Close proximity to major transportation (105 and 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.
Presented by Daniel Shamooelian at
Keller Williams Beverly Hills.
Property MLS #24-374701 from TheMLSCLAW
Lot Size Source: Estimated
Lot Size Square Feet: 11362
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: South of the 105 Freeway, North of El Segundo Blvd, East of Vermont Ave, West of the 110 Freeway
Source Property Type: Land
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Parcel Number: 6117-004-005
Postal Code Plus 4: 1304
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $109466 + $206779 $316245 | $4628 |
| 2021 | $107320 + $202725 $310045 | $4563 |
| 2020 | $106220 + $200647 $306867 | $4599 |
| 2019 | $104138 + $196713 $300851 | $4439 |
| 2018 | $102097 + $192856 $294953 | $4323 |
| 2017 | $100096 + $189075 $289171 | $4232 |
| 2016 | $98134 + $185368 $283502 | $4124 |
| 2015 | $96660 + $182584 $279244 | $4062 |
| 2014 | $94767 + $179008 $273775 | $4076 |
| 2013 | $94339 + $178199 $272538 | $4064 |
| 2012 | $92490 + $174705 $267195 | $4107 |
| 2010 | $90677 + $171280 $261957 | $3714 |
| 2009 | $90000 + $170000 $260000 | $3583 |
| 2009 | $90000 + $170000 $260000 | $3583 |
| 2008 | $68666 + $416160 $484826 | $6178 |
| 2007 | $67320 + $408000 $475320 | $6220 |
$979000
TheMLSCLAW
Price Changed 2024-07-02
$989000
TheMLSCLAW
Price Changed 2024-05-13
$999000
TheMLSCLAW
Price Changed 2024-05-08
$1050000
TheMLSCLAW
Listed 2024-04-04
$1060000
TheMLSCLAW
Listing removed 2024-02-02
$0
CRMLS
Price Changed 2023-08-17
$1099000
CRMLS
Listed 2023-08-01
$1200000
CRMLS
Listing removed 2022-09-02
$0
CRMLS
Listed 2022-06-03
$1375000
CRMLS
Listing removed 2019-09-09
$0
CRMLS
Price Changed 2019-06-21
$1099000
CRMLS
Listed 2019-05-09
$1225000
CRMLS
Sold 2009-11-20
$205000
Public Record
Sold 2006-02-17
$580000
Public Record
Sold 2004-11-17
$411000
Public Record
Sold 1990-07-30
$179000
Public Record
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.