5859 S Figueroa,Los Angeles, CA 90003
Los Angeles, CA 90003
Description
Prime Development & Remodel Opportunity in Los Angeles! Discover an exceptional single-family residence on an approximately 5,400 sq ft lot, perfectly positioned for redevelopment in the highly desirable LAC2 (C2 Commercial) zoning district. This property offers tremendous potential for investors, developers, and visionary homeowners seeking to capitalize on the flexible zoning that supports a wide range of residential and commercial uses. Currently in need of significant upgrades and modernization, this home is ideal for a full remodel or ground-up redevelopment. It will not qualify for FHA financing, making it a perfect fit for cash buyers and experienced developers ready to act. The motivated sellers are eager to move quicklydon't miss this chance to transform this diamond in the rough into a high-value asset! Key Features & Highlights: Zoning: LAC2 - Excellent potential for multi-unit residential development, mixed-use, or commercial opportunities Lot Size: Approx. 5,400 square feet - Spacious canvas for expansion or new construction Ready: Immediate possession; perfect for your custom vision Location: Convenient access to Los Angeles amenities, transit, and vibrant neighborhoods Whether you're looking to remodel into a stunning single-family home, develop multi-family units, or explore commercial possibilities, this property delivers outstanding potential in a strong market. Cash offers and developer inquiries are strongly encouraged. Contact us today for more details and to schedule a private showing!
Details
| MLS # | DW26124687 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1914 |
| Days On Site | 112 |
| Listing Provided By | Century 21 A Better Service | Victor Hernandez |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 936 |
| Story(s) | 1 |
| Units | 1 |
| Acreage | 0.12 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Interior Features | All Bedrooms Down |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Wood Siding |
| Lot Features | Back Yard, Front Yard, Level, Near Public Transit |
| Fencing | Wrought Iron |
Parking
| Parking Features | Driveway |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Curbs, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90003) | |
Price: $565,000 low | high Med: $695,000 sqft: 936 low | high Med: 1,817 $ / sqft: $604 low | high Med: $453 On site: 112 low | high Med: 43.5 | |
Market Activity 90003
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90003) | |
Price: $565,000 low | high Med: $695,000 sqft: 936 low | high Med: 1,817 $ / sqft: $604 low | high Med: $453 On site: 112 low | high Med: 43.5 | |
