6719 S Figueroa Street
Los Angeles, CA 90003
- – beds
- – baths
- – sqft
- 9,807 sqft lot
- – on site
We are proud to offer an outstanding, Ready-to-Issue 58-unit affordable housing development opportunity in the heart of Los Angeles at 6719 S Figueroa St., Los Angeles, CA 90003, located within the Los Angeles State Enterprise Zone. This prime project sits on a 9,805 SF lot and features a 4-story Type V-A building designed under AB 1763 and AB 2345 incentives, maximizing both density and affordability. With a total floor area of 24,774 SF and 20,049 SF of rentable space, the development includes 33 studio units, 25 one-bedroom units, and 1 market-rate manager's unit. Of these, 45 units are affordable to low-income tenants (80% AMI or lower), while 12 units are reserved for moderate-income residents (120% AMI or lower).Notably, this 100% affordable housing project eliminates the need for parking, significantly reducing construction costs and enhancing long-term affordability. The rent structure aligns with HCD Schedule VI and TCAC Schedule IX, ensuring a sustainable income model for developers. The property is located just 410 ft from public transit and close to essential amenities, including schools, parks, and healthcare centers, making it an ideal home for individuals and families. Positioned in a vibrant and transforming Los Angeles community, this site offers convenient access to local shops, dining, and services, with the added advantage of being in the Los Angeles State Enterprise Zone, offering potential business and tax incentives. With all entitlements and waivers secured including density bonuses, FAR increases, and open space reductions this project is Ready-to-Issue and will be delivered vacant at closing, offering developers an immediate and seamless path to construction.
Last checked:
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Last updated Feb 11, 2025
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MLS# 25496603 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:To get to 6719 S Figueroa St, Los Angeles, CA 90003, head south on Figueroa St. The property is located on the east side of the street between 67th and 68th Streets, near the intersection with S 68th Place.
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Latitude:33.97843600
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Longitude:-118.28303100
The Property
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Property Type:Land
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Zoning:C2-1VL
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Lot Size Area:9807.0000
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Lot Size Dimensions:84 x 120
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Lot Size Acres:0.2251
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Lot Size SqFt:9807.00
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Lot Dimensions Source:Assessor
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View:None
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6013018037
The Community
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Association:No
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Senior Community:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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2/10/25
Feb 10, 2025
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Listed / Active | CRMLS_CA | $2,175,000 |
