PRICE REDUCED – Exceptional Development Opportunity with RTI Plans Introducing The Alondra Family Living Apartments — a prime development site now offered with a $310,000 price reduction and Ready-To-Issue (RTI) permits in hand. Approved and stamped by the City of Los Angeles, this fully entitled project allows for the construction of 36 spacious residential units, each thoughtfully designed as three-bedroom, two-bathroom layouts with in-unit washer and dryer. Situated on a high-visibility 20,363 SF corner lot, this shovel-ready opportunity boasts strong curb appeal and an optimal footprint. The approved plans call for approximately 36,000 square feet of living space across multi-level two- and four-story buildings, with each unit exceeding 1,000 square feet—a rare offering in today's market. With the increasing demand for large, family-oriented apartment units in Los Angeles, this project is uniquely positioned to deliver high-value, high-demand inventory. There is no comparable development currently available that combines such generous floor plans, strategic location, and ready-to-build status. Don’t miss this opportunity to bring a standout project to market in one of LA’s most competitive rental landscapes.
MLS #
CRSR25118557
MLS Source
California Regional MLS
Days on Site
84
Garage/Parking
Garage: 54 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | – |
16101 S Figueroa St is a Residential Income in Gardena, CA 90248. This – square foot property sits on a 19,421 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,190,000 and was built in 2025.
This address can also be written as 16101 S Figueroa St, Gardena, CA 90248.©2025 California Regional MLS. All rights reserved. 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. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of August 05, 2025. For the most current information, please contact Behrouz Lavi, (818) 432-1500