8301 Figueroa Street, Los Angeles
Los Angeles Home For Sale
We are excited to present this exceptional 2-story, 19-room hotel, plus an additional 1 bed/1 bath manager's unit with an office and kitchen, located at 8301 S Figueroa St in vibrant South Los Angeles. This versatile property is perfect for conversion or redevelopment into transitional housing. The hotel features 17 rooms, each approximately 200 square feet, fully equipped with full bathrooms, queen beds, window AC units, televisions, desks, chairs, microwaves, and refrigerators. One room offers extra space at 225 square feet, furnished with a king bed and all the mentioned amenities. Additionally, a spacious 300 square foot room comes with two double beds and the same quality furnishings. The property is securely gated and includes 12 surface parking spaces, ensuring convenience and safety for residents. Its prime location offers a short walk to the Manchester and Figueroa intersection, both streets bustling with transit options, and the nearby 110 Freeway, making it ideal for commuters. Currently Section 8 is offering up to $2,132 for a unit. If a prospective buyer were to convert these units into section 8 housing, then there would be substantial returns. (Buyer to do their own due diligence.) Don't miss this unique opportunity to invest in a property with incredible potential. Contact us today for more information and to schedule a viewing.
Property Details
Additional Information
-
- City:
- Los Angeles
-
- County:
- Los Angeles
-
- Zip:
- 90003
-
- MLS® #:
- 24406523
-
- Bedrooms:
- 1
-
- Bathrooms:
- 2
-
- Square Ft:
- 5,002
-
- Lot Size:
- 0.19
-
- Levels:
- Two
-
- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2024 at 4:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.