Los Angeles, CA

$900,000

6919 S Figueroa, Los Angeles, CA

1941

Built

127

Days listed

About this home

Exceptional Redevelopment Opportunity – LAC Zoned | Two Parcels | Prime Investment Potential Unlock the potential of this rare redevelopment opportunity in Los Angeles—a good affordable housing development play. This LAC-zoned property consists of two adjoining parcels totaling 9,597 SF, currently improved with a former motel featuring two single-story buildings, approximately 3,038 SF of existing structure, and 12 on-site parking spaces. The property presents a blank canvas for investors, developers, and visionaries seeking to reposition or redevelop in a high-demand market. With flexible LAC zoning and substantial lot size, the site offers significant upside potential for a variety of future uses (buyer to verify). The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS. This is an opportunity to acquire a value-add asset priced for redevelopment — ideal for those ready to reimagine and revitalize. Buyer to conduct their own due diligence regarding zoning, permits, and redevelopment potential.

Facts & features

Interior

Laundry: None

Exterior & lot

Lot size: 0.22 acres (9,600 sq ft)
Year built: 1941

Community

Area: C 16 - Mid Los Angeles
County: Los Angeles

Listing details

Status: Active
Property type: Hotel Motel
Days on market: 127
Listed: 2026-02-22
Original price: $1,099,000
Terms: Cash, Cash To New Loan
Parcel #: 6013022027
MLS #: GD26040096

Listed by

Gary Mkrtichyan · Global Capital Advisors, Inc.

818-939-8855 yourrealtorgary@gmail.comDRE #01955014

Location

Price history

Listed: $1,099,000 · 2026-02-22
Price reduced: $900,000 (−$199,000)
Days on market: 127
Current price: $900,000

Financing

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Estimated monthly payment

$5,646

$4,551 principal & interest · $1,095 taxes & insurance

Down payment (20%)

$180,000

Est. rate (%)

Estimate only

Term (years)

Loan $720,000

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

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Listing data provided by CRMLS

Listing courtesy of Global Capital Advisors, Inc.. © 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.