Property Detail

16101 Figueroa

Gardena CA 90248

$2,900,000

Status: Active

Property Details

Description

DEVELOPERS DONT 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.

Map Location

Listing provided courtesy of Behrouz Lavi of Keller Williams Realty-Studio City. Last updated . Listing information © 2026 SANDICOR.

Christian

Christian

DRE# 01245048
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