Property photo 1
Property photo 2
140 Beds
0 Baths
98,000 sqft

$2,900,000

16101 S Figueroa, GARDENA CA, 90248

Price per sqft$29.59
Built in2023
Property size98,000 sqft
Property typeMulti-family

Overview

Active

Listed Jan 12, 2026

Updated 4 weeks ago

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.

$19,294/mo

Est. mortgage payment based on a $2,900,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SR26007642MR

Interior Features

Bedrooms
140
Bathrooms
0
Basement
No

Exterior Features

Lot Size
0.45 Acres

Other Property Details

Garage
Yes

Listed by Behrouz Lavi with Keller Williams Realty-Studio City
Listing Contact: 818-432-1500 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Robin D. Mitchell | Mitchell CRE Group | CA DRE# 02004841 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 8/25/2026

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