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12016 S Figueroa St, Los Angeles, CA 90061
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12016 S Figueroa St Los Angeles, CA 90061

$1,060,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,060,000 Get Pre-Qualified
Map preview of 12016 S Figueroa St, Los Angeles, CA 90061

Property Overview: 12016 S Figueroa St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 11,362 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. 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 income from the units is $3,200/month, collect income while going through entitlements! Buyer to verify all zoning & density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 & 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. Contact listing agent for more details!

Listed by Daniel Shamooelian | BRE #01984269 | Keller Williams Beverly Hills
Last checked: 14 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 28
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Home details

Lot Sq. Ft
11,362
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24374701
City
Los Angeles
County
Los Angeles
Time on Site
33 days

Open Houses for 12016 S Figueroa St

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Property Details for 12016 S Figueroa St

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Estimated
Property Information
  • No View
  • View: None
  • Parcel Number: 6117004005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of the 105 Freeway, North of El Segundo Blvd, East of Vermont Ave, West of the 110 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 12016 S Figueroa St

Last sold for $205,000 on November 20th, 2009

  • April, 2024

  • Apr 2, 2024

    Date

    Active

    CRMLS: 24374701

    $1,060,000

    Price

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: MB23141610

    $1,099,000

    Price

  • Jul 31, 2023

    Date

    Active

    CRMLS: MB23141610

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION ALL INVESTORS. A remarkable investment opportunity awaits in a prime Los Angeles location, conveniently close to LAX. This amazing property comprises four units thoughtfully consolidated within two APNs, offering an exceptional chance to capitalize on its potential. With coveted LAR3 zoning, the possibilities are endless for expansion and maximizing rental income. Properties like this, with such advantageous zoning, are scarce and highly sought-after. Seize this rare opportunity to make a lucrative investment in a desirable area. Don't miss out! Act now.

  • September, 2022

  • Sep 1, 2022

    Date

    Expired

    CRMLS: IG22117166

    $1,375,000

    Price

  • Jun 3, 2022

    Date

    Active

    CRMLS: IG22117166

    $1,375,000

    Price

  • Listing provided courtesy of CRMLS

    Investors Delight! This property offers four separate units that can be bought as a combo within two APN numbers . It's located in the City of Angels, close to everything including Downtown Los Angeles and USC campus--just minutes from LAX airport (easy access via Interstate 110 or 105). The LAR3 zoning makes this an opportunity not many people will get: you have unlimited potential extra space for your new arrivals with no increase-in price tag because it was already built upon when they arrived. Get ready investors because there's no slowing down demand when it comes time buy property in such sought after area of The City Of Angels

  • September, 2019

  • Sep 8, 2019

    Date

    Expired

    CRMLS: MB19107357

    $1,099,000

    Price

  • Jun 20, 2019

    Date

    Price Change

    CRMLS: MB19107357

    $1,099,000

    Price

  • May 8, 2019

    Date

    Active

    CRMLS: MB19107357

    $1,225,000

    Price

  • Listing provided courtesy of CRMLS

    this property consist od two units a two brs one and a one br one ba in a 9490 lot size is for sale with 12018 s Figueroa apn 6117-004-027 on s lot size of 1872 sf with two units a one ba one ba each this property is being sold as is in its present condition and will not deliver them vacant rents are approximate ATTENTION AGENTS SELLERS ARE VERY MOTIVATED TO SELL THIS INCOME PROPERTY SUBMIT YOUR OFFER IDEAL FOR BUILDING NEW CONSTRUCTION FRONT OF PROPERTY FOR RESIDENTIAL OR COMMERTIAL

  • November, 2009

  • Nov 20, 2009

    Date

    Sold (Public Records)

    Public Records

    $205,000

    Price

  • November, 2008

  • Nov 25, 2008

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

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Tax History for 12016 S Figueroa St

Assessed Value (2020): $306,867
Year Land Value Improved Value Assessed Value
2020 $200,647 $106,220 $306,867

Home Value Compared to the Market

This property vs the competition

12016 S Figueroa St is listed 14.17% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000.

About 12016 S Figueroa St

Detailed summary of property

12016 S Figueroa St is a land located in Los Angeles, CA 90061 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 11,362 square foot lot. 12016 S Figueroa St was first listed on ArdentRealEstateGroup.com on April 4, 2024. The homeowner is currently asking $1,060,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 14.17% lower than the median priced home. Local competing homes currently for sale include 2311 W 2nd St, 312 N Coronado St and 415 N La Fayette Park Pl. While the average home in Los Angeles, CA is selling in 94 days, 12016 S Figueroa St has a days on market of 28 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 12016 S Figueroa St Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12016 S Figueroa St

Public county record property details
Beds
3
Baths
2
Year built
1914
Sq. Ft.
1,773
Lot Size
9,490
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
6117-004-005

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$528
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$531
Total Inventory
29
Median Sale to List Price %
110.09%
Avg Days on Market
39
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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