5304 S Figueroa Street

Los Angeles, CA 90037

$1,750,000

List Price

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Property Description

A 32-unit affordable housing development opportunity on a 12,150 square foot (0.27 acres) lot in the Vermont Harbor neighborhood of South Los Angeles. The current owner has completed the project to ready-to-issue permits making it a lucrative opportunity for any merchant builder wanting to avoid the long lead times. All buildings have demolished. Shovel ready land. -POSSIBLE SELLER FINANCING AVAILABLE WITH 30-YEAR LOAN -SOILS REPORT HAS ALREADY BEEN COMPLETED -READY-TO-ISSUE PERMITS FOR 32-UNITS -ONLY THREE STORIES WHICH LOWERS COSTS DRAMATICALLY -NO TENANT RELOCATION AT ALL

Listing Information

List Price $1,750,000
Status Active
MLS SR25027402
HOA $0
Type Land
Lot Size 12,150
Structure Size N/A
Courtesy Of Keller Williams Coastal Properties
Listing Agent Deborah Moussighi DRE#01487871
Co-Listing Agent Julian Bloch DRE#02043055

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Deborah Moussighi, Julian Bloch, Keller Williams Coastal Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 6th, 2025 at 7:42 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.