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Los Angeles, CA

$565,000

5859 S figueroa, Los Angeles, CA
2
Beds
1
Baths
936
Sq Ft
1914
Built
1
Days listed

About this home

Prime Development & Remodel Opportunity in Los Angeles! Discover an exceptional single-family residence on an approximately 5,400 sq ft lot, perfectly positioned for redevelopment in the highly desirable LAC2 (C2 Commercial) zoning district. This property offers tremendous potential for investors, developers, and visionary homeowners seeking to capitalize on the flexible zoning that supports a wide range of residential and commercial uses. Currently in need of significant upgrades and modernization, this home is ideal for a full remodel or ground-up redevelopment. It will not qualify for FHA financing, making it a perfect fit for cash buyers and experienced developers ready to act. The motivated sellers are eager to move quickly—don't miss this chance to transform this diamond in the rough into a high-value asset! Key Features & Highlights: Zoning: LAC2 – Excellent potential for multi-unit residential development, mixed-use, or commercial opportunities Lot Size: Approx. 5,400 square feet – Spacious canvas for expansion or new construction Ready: Immediate possession; perfect for your custom vision Location: Convenient access to Los Angeles amenities, transit, and vibrant neighborhoods Whether you're looking to remodel into a stunning single-family home, develop multi-family units, or explore commercial possibilities, this property delivers outstanding potential in a strong market. Cash offers and developer inquiries are strongly encouraged. Contact us today for more details and to schedule a private showing!

Facts & features

Interior
Bedrooms
2
Bathrooms
1 full
Living area
936 sq ft
Interior features
All Bedrooms Down
Fireplace
None
Cooling
None
Laundry
None
Levels
One
Spa
None
Exterior & lot
Lot size
0.124 acres (5,400 sq ft)
Pool
None
Architectural style
Bungalow
Year built
1914
Parking
Driveway
Community
Area
C 42 - Downtown L.A.
County
Los Angeles
Community features
Biking, Curbs, Sidewalks
Listing details
Status
Active
Property type
Single Family Residence
Days on market
1
Listed
2026-05-27
Original price
$600,000
Terms
Cash, Submit
Parcel #
6004035008
MLS #
DW26124687
Listed by
Victor Hernandez · Century 21 A Better Service

Location

Price history

Listed
$600,000 · 2026-05-27
Price reduced
$565,000 (−$35,000)
Days on market
1
Current price
$565,000
Financing

Could this home be yours?

Estimated monthly payment
$3,544
$2,857 principal & interest · $687 taxes & insurance
$113,000
Estimate only
Loan $452,000

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Estimated value range nearby
$376,026$441,422

A rough estimate from current nearby price-per-square-foot — not an appraisal. A precise valuation considers condition, upgrades and recent sales.

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Listing data provided by CRMLS

Listing courtesy of Century 21 A Better Service. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 27, 2026 Equal Housing Opportunity.

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