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Price Reduced Listing
$2,900,000
 $15,568 est/mo Sourced by Back At You

16101 S Figueroa,Gardena, CA 90248

Gardena, CA 90248

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Description

DEVELOPERS - DON’T MISS THIS OPPORTUNITY! Exceptional opportunity to acquire a 19,500 SF corner lot in the City of Los Angeles with significant development potential. Preliminary concepts indicate the potential for approximately 140 units of affordable housing, subject to city approvals. The property offers a compelling basis at approximately $20,000 per potential unit, providing an attractive entry point for developers seeking a large-scale residential development opportunity. Conveniently located near freeways, schools, shopping, and everyday amenities, making this an attractive location for a residential development project. The seller may consider financing for a qualified buyer, potentially providing additional flexibility through the RTI process.

Details

MLS #SR26007642
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year2023
Days On Site189
Listing Provided ByKeller Williams Realty-Studio City | Behrouz Lavi

Features

SQ Feet98,000
Garage54
Story(s)4
Units140
Building(s)1
Acreage0.45

Exterior

Lot FeaturesThirty Six To Forty Units Acre

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityGardena
Zip Code90248
Area119 Central Gardena
Listing VS Median (in 90248)
Price:
$2,900,000
low | high
Med:
$1,732,500
90.258620689655% of Average
sqft:
98,000
low | high
Med:
2,049
100% of Average
$ / sqft:
$30
low | high
Med:
$914
100% of Average
On site:
189
low | high
Med:
1034.5
18.269695505075% of Average
Sourced by Back At You

Market Activity 90248

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Learn More About This Property

Yvette Watson

Yvette Watson

Coldwell Banker Home Source

02046244 (909) 489-6340yvette.watson@cbhomesource.com
StateCA
CountyLos Angeles
CityGardena
Zip Code90248
Area119 Central Gardena
Listing VS Median (in 90248)
Price:
$2,900,000
low | high
Med:
$1,732,500
90.258620689655% of Average
sqft:
98,000
low | high
Med:
2,049
100% of Average
$ / sqft:
$30
low | high
Med:
$914
100% of Average
On site:
189
low | high
Med:
1034.5
18.269695505075% of Average
Sourced by Back At You
Listing Updated: August 24, 2026 at 12:35:48 PM PDT

Yvette Watson - Coldwell Banker Commercial Real Estate Solutions