8928 S Figueroa St - Churches FOR SALE


Los Angeles, CA 90003
$2,450,000 USD
818-788-5400
8928 S Figueroa St, Los Angeles, CA for Sale
$2,450,000 USD
Churches - FOR SALE
1/6
null | Request Cap Rate

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8928 S Figueroa St
Los Angeles, CA 90003


HIGHLIGHTS

  • This property is one of many churches in the neighborhood and has been a landmark for many years.
  • This property is on a very busy street in a central business that strict that will be improved in the near future.
  • This PROPERTY is potentially eligible for a ED One project, which would allow several dozen low income units to be constructed.

OVERVIEW

This property is on an LARD2 light which means it can most likely be developed into apartments buildings using Tier1 TOC advantages. It may also qualify for an ED1 project which is for the developpment of a low income hi-rise. With the blessing of the city one could potentially construct several dozen units which would serve the neighborhood with low income housing.. Due to the zoning, one would have to check with the great Los Angeles plan to see if they would continue the church to exist as a church. Buyers is suggested to do their due diligence.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$382 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

8928 S Figueroa St, Los Angeles, CA 90003-322

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

ADD'L SUBTYPES

Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

LARD2

APN/PARCEL ID

6038-004-007

ASK ABOUT THIS PROPERTY

Gordon MyersColdwell Banker Commercial NRTMore Info
818-788-5400

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Gordon MyersColdwell Banker Commercial NRTMore Info
818-788-5400

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