Seller Financing
Address
16101 S Figueroa Street Los Angeles, CA
Price
$ 2,160,000
Property Attributes
  • ID#SR21165674
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMetropolitan South
  • Zip90248
  • Style
  • Price$ 2,160,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.45 Acres
Listing Provided Courtesy Of:
Behrouz Lavi with Keller Williams Realty-Studio City - 818-235-7290
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

The Alondra Family Living Apartments is a development site sold with existing plans and permits (RTI). This plan has been approved and stamped by the city of Los Angeles for a 36-unit development. All units by the plan will be three-bedroom / two-bath, with a built-in washer and dryer. Three of the units have been designated for VLI. This development site is prominently positioned on a 20,363-square-foot corner lot with great curb appeal. The complex will feature 36,000 square feet of living space, divided into two/four-story multi-level buildings.? The complex will have 54 parking spaces on two levels of a subterranean garage, fully secured with a separate entrance and exit on each level.? The Alondra Family Living RTI development site is offered for sale at $60,000 a door. Due to unit sizes and the number of bedrooms, this project is very economically viable. There will be 108 bedrooms in total with 72 bathrooms, with 36 washers and dryers.? Each unit is over 1,000 sqft. No other development site in the market offers such a floor plan. With a shortage of apartments in Los Angeles, a brand-new building with large family units is in very high demand. Harbor Gateway North is a suburb of Los Angeles. This long, vertical area sits in the southern part of the city, around 10 miles from Downtown LA. Although it was originally meant to connect the Pacific Ocean port cities of Wilmington and San Pedro, Harbor Gateway North actually has three addresses: Torrance, Gardena, and Carson. It serves as a growing neighborhood accessible both to Los Angeles and points south, such as San Pedro and San Diego.? Residents of this neighborhood appreciate its walkability, bike-friendly streets, and affordable apartments available for rent. Interstates 105, 110, and 405 provide easy access to neighboring cities and attractions. The site is within 4 miles from El Camino College and near California State University, Dominguez Hills, and Los Angeles Southwest College. It is also near Long Beach-Daugherty Field, located 10.4 miles or 16 minutes away. Other nearby airports include Los Angeles International and Bob Hope. There are 3 shopping centers within a mile.

Price History
7/28/2021 Listed $2,160,000

General Features

Community Features Biking, Curbs, Urban
Listing Agent Behrouz Lavi - BRE#01482721
Listing Agent State License 01482721
Lot Size Square Feet 19416
MLS Area C37 - Metropolitan South
Property Type Land
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, Owner Will Carry
View None
Zoning LAC2

Exterior Features

Lot Features 36-40 Units/Acre, Value In Land
Lot Size Acres 0.45
Lot Size Area 19416
Lot Size Source Assessor
Lot Size Units Square Feet
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 90248

Price
AVG $2.16M
$2.16M
Visits
AVG 56
55
Walkscore
AVG 59
59
Data Provided by Walkscore ® not using MLS data