About 16101 S Figueroa
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.
Features of 16101 S Figueroa
| MLS® # | SR26007642 |
|---|---|
| Price | $2,900,000 |
| Bedrooms | 140 |
| Bathrooms | 0.00 |
| Acres | 0.45 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 16101 S Figueroa |
|---|---|
| Area | 119 - Central Gardena |
| City | Gardena |
| County | Los Angeles |
| Zip Code | 90248 |
Amenities
| Parking Spaces | 54 |
|---|---|
| # of Garages | 54 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 4 |
Exterior
| Lot Description | ThirtySixToFortyUnitsAcre |
|---|
Additional Information
| Date Listed | January 12th, 2026 |
|---|---|
| Days on Market | 201 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Behrouz Lavi |
|---|---|
| Office | Keller Williams Realty-Studio City |