3,038 sqft

$900,000

6919 S Figueroa, Los Angeles CA, 90003

Price per sqft$296.25

Built in1941

Property size3,038 sqft

Property typeCommercial

Overview

Active

Listed Feb 23, 2026

Updated 2 weeks ago

Exceptional Redevelopment Opportunity – LAC Zoned | Two Parcels | Prime Investment Potential Unlock the potential of this rare redevelopment opportunity in Los Angeles—a good affordable housing development play. This LAC-zoned property consists of two adjoining parcels totaling 9,597 SF, currently improved with a former motel featuring two single-story buildings, approximately 3,038 SF of existing structure, and 12 on-site parking spaces. The property presents a blank canvas for investors, developers, and visionaries seeking to reposition or redevelop in a high-demand market. With flexible LAC zoning and substantial lot size, the site offers significant upside potential for a variety of future uses (buyer to verify). The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS. This is an opportunity to acquire a value-add asset priced for redevelopment — ideal for those ready to reimagine and revitalize. Buyer to conduct their own due diligence regarding zoning, permits, and redevelopment potential.

Additional information

MLS^® ID: GD26040096

Interior Features

Basement: No

Exterior Features

Lot Size: 0.22 Acres

Listed by Gary Mkrtichyan, Global Capital Advisors, Inc., CA DRE 01955014

Listing Contact: 818-939-8855

Based on information from the CRISNet MLS as of 9/23/2026, 10:03 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.