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16101 S Figueroa Street

Los Angeles (City), CA 90248
  • $2,160,000
  • STATUS: Active
  • ON SITE: 126 Days
  • ID#: SR21165674
UPDATED: 39 min ago
$2,160,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Behrouz Lavi of Keller Williams Realty-Studio City

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T14:30:36.107. 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 deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/119805350
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16101 S Figueroa Street Los Angeles (City), CA 90248

  • Price: $2,160,000
  • Status: Active
  • On Site: 126 Days
  • Updated: 39 min ago
  • ID#: SR21165674
0
Beds
0
Baths
0
½ Baths
0.45
Acres
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
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.
Exterior Features

Lot Features 36-40 Units/AcreValue In Land View None View YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsUrban Contingency The Property is Ready To Issue And Starts Construction.Short Contingencies Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanOwner Will Carry New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T14:30:36.107. 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 deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_366040701-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_366040701-1.jpg
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COMPASS
7111 Indiana Ave Ste 300
Riverside CA, 92504
Listing provided courtesy of Behrouz Lavi of Keller Williams Realty-Studio City