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.
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.
Property Details
Price:
$3,190,000
MLS #:
SR25118557
Status:
Active
Baths:
0
Address:
16101 S Figueroa Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
119centralgardena
City:
Gardena
Listed Date:
May 28, 2025
State:
CA
ZIP:
90248
Lot Size:
19,421 sqft / 0.45 acres (approx)
Year Built:
2025
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Schools
Interior
Laundry Features
Gas & Electric Dryer Hookup, Washer Hookup
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54.00
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- Address16101 S Figueroa Street Gardena CA
- Area119 – Central Gardena
- CityGardena
- CountyLos Angeles
- Zip Code90248
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16101 S Figueroa Street
Gardena, CA
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