5710 S Figueroa St 0.12 Acres of Commercial Land Offered at $703,004 CAD in Los Angeles, CA 90037

Rare opportunity to acquire a 100% vacant, cleared and fenced ±5,400 SF lot with direct frontage on S Figueroa St — one block west of the 110 Freeway and roughly 10 minutes to Downtown LA. No structures, no demolition cost, no delay: this site is ready to entitle or put to work from day one. Zoned LAC2-1VL-CPIO with Tier 3 TOC and ED1 eligibility, the property supports a wide range of paths. Build market-rate residential (±24 units via TOC density and parking reductions), go 100% affordable under ED1 (±28 units, no parking required), or pursue broad C2 commercial uses. For owner-users, the Figueroa frontage and freeway access make it an ideal yard or operating site — tire shop or auto repair, auto sales lot, contractor and equipment yard, vehicle and fleet storage, materials and outdoor storage, or retail with limited manufacturing. Priced to move. The property last sold in 2023 for $675,000. Offered today at $495,000 — a new owner steps in at a substantial discount and the lowest price per land square foot in the area at roughly $92/SF. That's an affordable basis to own instead of lease, with real upside for a developer or operator.