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$899,000   Price Analysis
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8115 S Figueroa St
Los Angeles, CA 90003
8 bed 6 bath 2,248 SqFt ($399/SqFt)
6,501SqFt lot. Built 1950
Listed 2024-06-17, Taxes $8,458
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Fantastic development opportunity.

Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). ED1 Eligible. Continue to rent out the property or develop this 6501 Sq Ft lot. Zoned LAC2 , this TOC Tier 1. With FAR of 2.75 the total buildable area can be 17, 877 sq.

ft. Buyer to Verify with city planning for accur acy of all information. Property consists of one building with 6 separate units. Units 2, 3, 4, 5 and 6 are studios. Unit 1 is a 2 bedroom / 1 bath and it was modified to a 3 bedroom / 1 bath without permits which is now rented on Airbnb 30day+ . The other 5 units are rented out on a month to month basis.


Presented by shamim khorsand mashhadi at
RE/MAX Estate Properties.
Listing Agent Photo

Property MLS #24-404581 from TheMLSCLAW

Bedrooms: 8

Total Bathrooms: 6
Full Bathrooms: 6

Heating Features: Wall

Lot Size Acres: 0.1492424
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6501

Garage Description: Driveway
Parking Total: 6

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 800, 2 BedsTotal: 3, 2 BathsTotal: 1, 2 SquareFeet: 2100

Source Listing Status: Active
County: Los Angeles
Directions: 110 N. to Manchester, Left on Manchester and Right on Figueroa.
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Parcel Number: 6032-024-006
Postal Code Plus 4: 2741
Zoning: LAC2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$160,829 + $481,417
$642,246
$8,458
2021$157,676 + $471,978
$629,654
$8,352
2020$156,060 + $467,139
$623,199
$8,429
2019$153,000 + $457,980
$610,980
$8,125
2018$150,000 + $449,000
$599,000
$7,981
2017$60,713 + $231,818
$292,531
$4,261
2016$59,523 + $227,273
$286,796
$4,156
2015$58,629 + $223,860
$282,489
$4,105
2014$57,481 + $219,475
$276,956
$4,160
2013$57,222 + $218,484
$275,706
$4,144
2012$56,100 + $214,200
$270,300
$4,192
2010$50,381 + $101,968
$152,349
$2,614
2009$50,124 + $101,447
$151,571
$2,531
2009$50,005 + $101,206
$151,211
$2,531
2008$49,142 + $99,458
$148,600
$2,450
2007$48,179 + $97,508
$145,687
$2,378

Price Changed 2024-07-15
$899,000
TheMLSCLAW
Listed 2024-06-17
$975,000
TheMLSCLAW
Sold 2023-02-07
$785,000
CRMLS
Listing removed 2022-12-09
$0
CRMLS
Price Changed 2022-12-06
$830,000
CRMLS
Price Changed 2022-11-17
$860,000
CRMLS
Price Changed 2022-11-08
$865,000
CRMLS
Price Changed 2022-11-01
$875,000
CRMLS
Listed 2022-09-08
$1,000,000
CRMLS
Listing removed 2019-12-05
$0
TheMLSCLAW
Listed 2019-11-15
$800,000
TheMLSCLAW
Listing removed 2017-08-19
$599,000
TheMLSCLAW
Sold 2017-08-18
$599,000
TheMLSCLAW
Listed 2017-06-23
$599,000
TheMLSCLAW
Listing removed 2011-06-02
$290,000
SoCalMLS
Listing removed 2011-06-02
$290,000
ITECH
Sold 2011-05-31
$265,000
Public Record
Price Changed 2011-02-26
$290,000
SoCalMLS
Listed 2011-02-01
$290,000
ITECH
Listed 2011-02-01
$349,000
SoCalMLS
Listing removed 2009-04-01
$449,000
TheMLSCLAW
Listing removed 2009-03-31
$449,000
ITECH
Listed 2008-12-13
$449,000
TheMLSCLAW
Listed 2008-12-10
$449,000
ITECH
Listing removed 2008-08-01
$479,000
ITECH
Listed 2008-04-29
$479,000
ITECH
Listing removed 2007-12-01
$455,000
ITECH
Listing removed 2006-12-04
$455,000
ITECH
Listing removed 2006-12-04
$455,000
ITECH
Listed 2006-11-30
$455,000
ITECH
Listed 2006-11-30
$455,000
ITECH
Listed 2006-11-30
$455,000
ITECH
Listing removed 2006-10-20
$450,000
ITECH
Listing removed 2006-01-01
$455,000
ITECH
Listing removed 2005-12-30
$450,000
ITECH
Listing removed 2005-12-30
$450,000
ITECH
Listed 2005-12-07
$450,000
ITECH
Listing removed 2005-12-07
$475,000
ITECH
Listed 2005-10-19
$450,000
ITECH
Listed 2005-10-19
$450,000
ITECH
Listed 2005-10-19
$475,000
ITECH
Listing removed 2004-11-10
$350,000
ITECH
Listed 2004-10-19
$455,000
ITECH
Listed 2004-06-09
$350,000
ITECH
Sold 2000-04-13
$127,000
ITECH
Listed 2000-03-06
$140,000
ITECH

Net Operating Income: 52200

Total Square Feet Living: 2248
Year Built: 1950
Common Walls: Detached/No Common Walls
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 74
Property Condition: Additions/Alter
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced

Other Equipment: Range/Oven, Refrigerator

Loren Miller Elementary School is a public elementary school located approximately 0.4 miles away.
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Academy For Multiligual Arts And Science At Mervyn M. Dymally High is a public high school located approximately 0.9 miles away.
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Mary Mcleod Bethune Middle School is a public middle school located approximately 1 miles away.
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Family Gathering Basic Christian Educ Prep School is a private elementary, middle and high school located approximately 0.3 miles away.
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The 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.