$2,300,000 Price Analysis   ♡   Los Angeles, CA 90003 20 bed 20 bath 5,002 SqFt ($459/SqFt) 8,250SqFt lot. Built 1964 Listed 2024-06-21 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are ex cited to present this exceptional 2-story
19-room hotel, plus an additional 1 bed/1 bath manager's unit with an office and kitchen, located at 8301 S Figueroa St in vibrant South Los Angeles. This versatile property is perfect for conversion or redevelopment into transitional housing. The hotel features 17 rooms, each approximately 200 square feet, fully equipped with full bathrooms, queen beds, window AC units, televisions, desks, chairs, microwaves and refrigerators. One room offers extra space at 225 square feet, furnished with a king bed and all the mentioned amenities.
Additionally, a big 300 square foot room comes with two double beds and the same quality furnishings. The property is securely gated and includes 12 surface parking spaces, ensuring convenience and safety for residents. Its prime location offers a short walk to the Manchester and Figueroa intersection, both streets bustling with transit options and the nearby 110 Freeway, making it ideal for commuters. Currently Section 8 is offering up to $2, 132 for a unit. If a prospective buyer were to convert these units into section 8 housing, then there would be substantial returns. (Buyer to do their own due diligence.) Don't miss this unique opportunity to invest in a property with incredible potentil. Contact us today for more information and to schedule a viewing.
Presented by Stephen F. Watson at
Keller Williams Realty Downtown LA.
Property MLS #24-406523 from TheMLSCLAW
Full Bathrooms: 20
Heating Features: Wall
Lot Size Dimensions: 55x150
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8250
Parking Total: 12
Calculated Total Monthly Association Fees: 0
Number of Units: 20
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2407, 2 BathsTotal: 1, 2 SquareFeet: 30362
County: Los Angeles
Directions: Take 110 freeway and get off at Manchester. Drive shortly on Manchester due West and then turn North on Figueroa. Property is on the left in 3 blocks.
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Parcel Number: 6032-020-001
Postal Code Plus 4: 2726
Zoning: LAC2
Source System Name: C2C
$2,300,000
TheMLSCLAW
Year Built: 1964
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 60
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions Map directions
 |  |  |  |  |
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.