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12127 Figueroa Street
Los Angeles, CA 90061
Edge of Town Motel · Hospitality Property For Sale
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5 Rooms
Investment Highlights
- Land cost of $44.16/SF
- 27,206 SF of land across contiguous parcels
- Potential to renovate apartments and add many ADUs
- Potential seller financing on the asset
Executive Summary
Kingside Investment Group is proud to present a development (redevelopment) offering consisting of two adjacent parcels located at 503 W. Athens Boulevard (90044) and 12127 S. Figueroa Street (90061) in South Los Angeles. Together, the sites total 27,206 square feet of R3-1 zoned land with 4,753 square feet of existing improvements, making this a compelling redevelopment or long-term hold opportunity.
Per Zimas the parcel that is on Figueroa Street consists of five (5) units total with 8-bedrooms and 5-bathrooms. It appears in the permits that there may be another 2 units that have been added and not accounted for (buyer to verify). At this time, it is completely vacant and in the process of being trashed out. This building is a legal apartment building.
The front structure is just a shell and needs a full renovation. This was once a 10-key motel but cannot be run as such anymore. A new investor will have to come in with some vision and potentially add ADUs to the property. There may be an option for seller financing on this deal. Call agent to discuss...
Per Zimas the parcel that is on Figueroa Street consists of five (5) units total with 8-bedrooms and 5-bathrooms. It appears in the permits that there may be another 2 units that have been added and not accounted for (buyer to verify). At this time, it is completely vacant and in the process of being trashed out. This building is a legal apartment building.
The front structure is just a shell and needs a full renovation. This was once a 10-key motel but cannot be run as such anymore. A new investor will have to come in with some vision and potentially add ADUs to the property. There may be an option for seller financing on this deal. Call agent to discuss...
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wifi
Property Taxes
| Parcel Number | 6117-005-012 | Improvements Assessment | $379,991 |
| Land Assessment | $562,968 | Total Assessment | $942,959 |
Property Taxes
Parcel Number
6117-005-012
Land Assessment
$562,968
Improvements Assessment
$379,991
Total Assessment
$942,959
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