About 16101 S Figueroa Street
PRICE REDUCED Exceptional Development Opportunity with RTI Plans Introducing The Alondra Family Living Apartments a prime development site now offered with a $310,000 price reduction and Ready-To-Issue (RTI) permits in hand. Approved and stamped by the City of Los Angeles, this fully entitled project allows for the construction of 36 spacious residential units, each thoughtfully designed as three-bedroom, two-bathroom layouts with in-unit washer and dryer. Situated on a high-visibility 20,363 SF corner lot, this shovel-ready opportunity boasts strong curb appeal and an optimal footprint. The approved plans call for approximately 36,000 square feet of living space across multi-level two- and four-story buildings, with each unit exceeding 1,000 square feeta rare offering in today's market. With the increasing demand for large, family-oriented apartment units in Los Angeles, this project is uniquely positioned to deliver high-value, high-demand inventory. There is no comparable development currently available that combines such generous floor plans, strategic location, and ready-to-build status. Dont miss this opportunity to bring a standout project to market in one of LAs most competitive rental landscapes.
Features of 16101 S Figueroa Street
| MLS® # | SR25118557 |
|---|---|
| Price | $3,190,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Acres | 0.45 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Active |
Community Information
| Address | 16101 S Figueroa Street |
|---|---|
| Area | GARDENA (90248) |
| City | Gardena |
| County | Los Angeles |
| State | CA |
| Zip Code | 90248 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Fireplace | Yes |
|---|
Additional Information
| Date Listed | May 28th, 2025 |
|---|---|
| Days on Market | 69 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty-Studio City |
|---|