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$ 3,190,000
Est. payment /mo
Price Dropped by $310K
16101 S Figueroa ST Gardena, CA 90248
0.45 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25118557
HOA Y/N No
Year Built 2025
Lot Size 0.446 Acres
Property Sub-Type Apartment
Property Description
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 feet—a 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.
Don't miss this opportunity to bring a standout project to market in one of LA's most competitive rental landscapes.
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 feet—a 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.
Don't miss this opportunity to bring a standout project to market in one of LA's most competitive rental landscapes.
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Zoning LAC2
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 54.0
Garage Description 54.0
Pool None
Community Features Biking
Total Parking Spaces 54
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6120023033
Acceptable Financing Cash, Cash to New Loan, Owner Will Carry
Listing Terms Cash, Cash to New Loan, Owner Will Carry
Special Listing Condition Standard
Listed by Behrouz Lavi Keller Williams Realty-Studio City 818-235-7290