$1,099,000

6919 S Figueroa, Los Angeles, CA 90003

  • 3,038 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1941
  • Property Lot Size Icon9,583sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $362/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Exceptional Redevelopment Opportunity – LAC Zoned | Two Parcels | Prime Investment Potential Unlock the potential of this rare redevelopment opportunity in Los Angeles-a good affordable housing development play. This LAC-zoned property consists of two adjoining parcels totaling 9,597 SF, currently improved with a former motel featuring two single-story buildings, approximately 3,038 SF of existing structure, and 12 on-site parking spaces. The property presents a blank canvas for investors, developers, and visionaries seeking to reposition or redevelop in a high-demand market. With flexible LAC zoning and substantial lot size, the site offers significant upside potential for a variety of future uses (buyer to verify). The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS. This is an opportunity to acquire a value-add asset priced for redevelopment - ideal for those ready to reimagine and revitalize. Buyer to conduct their own due diligence regarding zoning, permits, and redevelopment potential.

Listing Status:
Active
Date Added:
February 23, 2026
Data Last Updated:
April 1, 2026 at 4:09PM
Listing Office:
Global Capital Advisors, Inc. : 818-939-8855
Listing Agent:
Gary Mkrtichyan : 818-939-8855
MLS ID:
CRGD26040096
  • Originating MLS: CRMLS
  • County: Los Angeles
  • Zoning: 6013022027
  • Source: CRMLS

This listing courtesy of Gary Mkrtichyan , Global Capital Advisors, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gil Garcetti Learning Academy

612 W 68th St, Los Angeles, CA, 90044

Grades KG-6

0.12 miles away

B

Bethune Middle School

155 W 69th St, Los Angeles, CA, 90003

Grades 7-8

0.45 miles away

A

Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

825 W 60th St, Los Angeles, CA, 90044

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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