5859 S figueroa, Los Angeles, CA 90003

Property Description

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!