3832 N Figueroa ST

LOS ANGELES, CA, 90031

$8,900,000

$8,900,000
Active
Active
 - For Sale
property_type
Land
REDUCED! We are proud to exclusively present for sale a Development Opportunity in the popular enclave of Mount Washington sandwiched between Highland Park and Chinatown, and at the edge of Lincoln Heights and Cypress Park! The current Design calls for 100 Residential Units (10 or 14 of the 100 would be Affordable Units and 3 of of the 100 would have a Lower Level Retail component) and 10 Retail Units - a Tract Map for all 100 Co-Living Residential Units (studios to 5 bedroom homes). The current project has been meticulously designed with tremendous attention to detail that your future tenants or condo-owners will love, including expansive outdoor space and plans for amenities including lounges, theater/screening room, party lounge, dance studio, gym and parkette. This property consists of over one acre of land (including the proposed vacated land in a Merger and Subdivision). This location is unparalleled with never-to-be-blocked views in all directions. Sitting at the intersection of Figueroa St. and Pasadena Ave., this property is a mere 440 yards to the Metro Gold Line's Heritage Square Station, which is one stop away from the newly rediscovered Historic Highland Park, two stops to Chinatown, and a mere three stops to the Los Angeles Union Station with access to the rest of the Southland and rest of the Country. The design features 114 parking spaces, 226 bike stations, 52 storage spaces, three inter-connected central courtyards, a swimming pool and much more! Build the envy of the town! APNs included are 5451-005-001, 5451-005-016 and 5451-005-017 along with land being Vacated. The existing structures house a commercial tenant on a month-to-month lease and two residential tenants under Rent Control. Do not go on site. Do not disturb the Tenants.
MLS® ID:
22-137059
Listed:
3/15/22
Updated:
10/5/22

Exterior/Building Features

Lot Size
1.08 acres lot

Other Property Details

Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Zoning
QRAS3-1VL Tier 3

 

Courtesy of Dario Svidler, Keller Williams Beverly Hills

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ron Costa shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/5/22

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