6201 S Figueroa Street, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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6201 S Figueroa Street
Los Angeles, California 90003
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
1,283Sq Ft
5,908Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$888,325
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned well above the $888,326 Fair Market Value by -6%. Featuring LAC2 Zoning and a Condition Rating of 6, this site is primed for high-density redevelopment under SB 684 and SB 1123. While the existing 1928 structure requires demolition, the strategic proximity to the Slauson transit station maximizes future residential yield. This is a sophisticated land-value acquisition ideal for Multi-Family Developers or Buy-and-Hold Investors targeting urban growth.
Estimated Market Value
$888,325
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1928 and explicitly marketed as a development opportunity to tear down existing structures for land value and higher density housing.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The property is a prime candidate for high-density housing under SB 684 and SB 1123, leveraging its proximity to the Slauson transit station for maximum residential yield.
- Versatile LAC2 Zoning
Zoned LAC2, the lot supports a wide range of uses including multi-family (R4 equivalent), retail, or office space, providing excellent investment flexibility for developers.
- Strategic Transit-Oriented Location
Its location near major transit infrastructure in Los Angeles significantly enhances its 'highest and best use' value for future urban residential or commercial development.
CONSRISKS & DEFICIENCIES
- Significant Demolition Costs
The existing 1928 structures are intended for tear-down, requiring the buyer to factor in substantial demolition and site clearing expenses before any new construction can begin.
- Complex Entitlement Process
Realizing the property's full potential requires navigating complex zoning programs and verifying all permits, which may lead to extended pre-construction timelines and regulatory hurdles.
About 6201 S Figueroa Street
Development opportunity to tear down existing structures and build to the highest and best use permitted. Take advantage of programs like SB79 or SB 684 / SB 1123, which could allow for higher density housing, especially with a transit station at Slauson nearby. Buyer to verify any and all permitted development. Zoned LAC2 which allows for various types of retail, office, or services, as well as multi-family similar to R4 zoning. Previously permitted land use for auto sales.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1928
- Lot Size
- 5,908 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,283 | 2,187.451 |
| Lot Size | 5,908 | 5,841.385 |
| Price | $950.0K | $841.5K |
| Price per sq ft | $740 | $385 |
| Built year | 1928 | 1928 |
| HOA | $0 | $0 |
| Days on market | 5 | 85 |
Pricing History
Listed for Sale
Sep 4, 2026
$950,000
Initial Listing