6919 S Figueroa St - Hospitality FOR SALE


Los Angeles, CA 90003- South Central LA
$1,099,000 USD
818-679-7179
6919 S Figueroa St, Los Angeles, CA for Sale
$1,099,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

6919 S Figueroa St
Los Angeles, CA 90003
South Central LA


HIGHLIGHTS

  • Prime Location
  • Redevelopment Potential

OVERVIEW

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 The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS.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.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$362 USD /SF

# OF ROOMS

10

PRICE/ROOM

$109,900 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boulevard Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1941

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

LAC2

APN/PARCEL ID

6013-022-027

ASK ABOUT THIS PROPERTY

Myrna MortonGlobal Capital AdvisorsMore Info
818-679-7179

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Myrna MortonGlobal Capital AdvisorsMore Info
818-679-7179

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.