We are pleased to present for sale an (ED 1) Executive Directive 1 affordable development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. The combined lot size of 11,362 sqft makes this a prime candidate for a 100% fully affordable apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in place. Currently monthly income from the units is $3,200/month, collect income while going through entitlements! Buyer to verify all zoning & density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 & 110 Freeways). Do not miss this opportunity to build in a centrally located part of LA with tons of upside at an affordable price point. Contact listing agent for more details!
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Daniel Shamooelian
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.26 Acres
School Info
Assigned Schools Information:
Animo Watts College Preparatory Academy, Public Charter Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Samuel Gompers Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
One Hundred Twenty-Second Street Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: South of the 105 Freeway, North of El Segundo Blvd, East of Vermont Ave, West of the 110 Freeway
Price Information
Listing Price Info
Price Summary:
List Price: $1,060,000
Tax Information:
Annual Amount: $4,563
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $73.5K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24374701
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Daniel Shamooelian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/3/2024, 7:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 20, 2009
Nov 20, 2009Home Sold
$205,000
Feb 17, 2006
Feb 17, 2006Home Sold
$580,000
Nov 17, 2004
Nov 17, 2004Home Sold
$411,000
Jul 30, 1990
Jul 30, 1990Home Sold
$179,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$4,563
$310,045
2020
$4,439
$306,867
2019
$4,323
$300,851
2018
$4,232
$294,953
2017
$4,232
$289,171
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
One Hundred Twenty-Second Street Elementary School
405 E 122nd St
Distance between this listing and this school0.84 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school11.71 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school14.44 miles
Public Magnet Grades KG-5
Middle School
4
/10
Samuel Gompers Middle School
234 E 112th St
Distance between this listing and this school0.80 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school12.81 miles
Public District Grades 6-8
High School
2
/10
Animo Watts College Preparatory Academy
12628 Avalon Blvd
Distance between this listing and this school1.08 miles
Public Charter Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.87 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school22.39 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
One Hundred Twenty-Second Street Elementary School
405 E 122nd St
Distance between this listing and this school0.84 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school11.71 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school14.44 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Samuel Gompers Middle School
234 E 112th St
Distance between this listing and this school0.80 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school12.81 miles
Public District Grades 6-8
Nearby Schools
5
/10
Alliance Jack H. Skirball Middle School
603 E 115th St
Distance between this listing and this school1.11 miles
Public Charter Grades 6-8
Assigned Schools
2
/10
Animo Watts College Preparatory Academy
12628 Avalon Blvd
Distance between this listing and this school1.08 miles
Public Charter Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.87 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school22.39 miles
The neighbors living near this home have an average income of $36,096. The majority of Los Angeles, CA residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 12016 S Figueroa St
What is the listing price of this property?
The listing price of 12016 S Figueroa St property is $1,060,000.
What type of property is this?
The property 12016 S Figueroa St is land located in Los Angeles, California, 90061.
Is this property for sale now?
Active Listing: 12016 S Figueroa St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 12016 S Figueroa St are: One Hundred Twenty-Second Street Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Samuel Gompers Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Animo Watts College Preparatory Academy: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $4,563 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 20, 2009 for $205,000. (source: MLS/tax record).
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This home is located at 12016 S Figueroa St in Los Angeles, CA and zip code 90061 in the Harbor Gateway neighborhood. This home sits on a 0.26 acre lot. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $1,060,000.
In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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