10918 S Figueroa, Los Angeles, CA 90061
- $1,600,000
- List Price
- $1,600,000
- Price Change
- ▼ $200,000 1782795457
- Status
- ACTIVE
- MLS#
- CV26022886
- Year Built
- 1948
- Lot Size
- 10,246
- Acres
- 0.24
- Lot Location
- Near Public Transit
- Days on Market
- 138
- Property Type
- Commercial
- Property Sub Type
- Hotel/Motel
Property Description
A rare South Los Angeles value-add opportunity — two contiguous parcels totaling approx. 10,246 sq ft, improved with an 11-unit motel configuration (10 guest rooms plus a 2-bed/2-bath manager’s unit, WITH KITCHEN, 1,400 sq.ft.). The property is ready for redevelopment, repositioning, or adaptive reuse. Zoned C2-1VL, potentially offering flexible pathways including Veterans Housing, RCFE (residential Care Facility for Elderly) motel operations, Assisted Living, Rehab Center, Mixed-Use, Multifamily, Micro-Units, or Supportive Housing Conversion (buyer to verify potential uses with City). Approx. 4,254 sq ft of existing improvements, 12 parking spaces, and excellent frontage along Figueroa St near the 110 Freeway. The sale includes APN:6075-033-028 and 6075-033-029. Property renovated in 2015. Approx. 8 miles from LAX airport, close to highway 105 & 110, shopping and restaurants. Strong demand drivers, dense surrounding population, and proximity to major employment hubs make this an attractive acquisition for investors, operators, and developers. Buyer to conduct their own due diligence regarding zoning, permits, and allowable uses.
Additional Information
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Water
- Public, Private
- Attached Structure
- Detached
Listing courtesy of Listing Agent: JENNIFER RUTLEDGE (jenny@primetimerealtyca.com) from Listing Office: PRIMETIME REALTY.
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