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7601 S. Figueroa street
los angeles, ca 90003

Price: $2,880,000

A 75-unit development opportunity to build on a signalized corner lot. 

7601 South Figueroa Street is located on the southwest corner of S Figueroa Street and W. 76th Street. The subject property is a double lot boasting roughly 18,982 SF of land zoned C2-1VL-CPIO on a hard corner. 7601 South Figueroa Street allows a developer the opportunity to build 47 units by right or 75 units exercising the TOC Tier 1 incentives which includes a 50% density bonus and an FAR increase of 2.75:1, totaling approximately 52,198 SF of buildable SF with only 6 units being designated to extremely low income, for nearly a $38,000 per buildable unit!

 

7601 South Figueroa Street is just blocks away from the well-known intersection of W Florence Avenue and S Figueroa Street. The submarket is gentrifying rapidly, recognized by the national tenants surrounding the subject property, such as Little Caesars Pizza, Pizza Hut, McDonald’s, Winchell’s Donut House, Smart & Final, 7 – Eleven, and Jack in the Box to name a few.

Note: Buyer to perform own due diligence and verify all information.

Attractive Price Per Buildable Unit: $38,400 / Buildable Unit
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Daniel Hirth

Managing Director

310.300.2838 Direct

Daniel@HirthGroup.com

License CA: 01515796

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Alex Reyhan

Vice President

310-300-3181 Direct

Alex@HirthGroup.com

License CA: 02005428

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