8928 S Figueroa St - 8928 S Figueroa St, Los Angeles, CA 90003-322 6,411 SF Specialty Building Offered at $2,430,820 CAD in Los Angeles, CA 90003

Daughrity Real Estate is pleased to present a rare and flexible development opportunity in the heart of South Los Angeles. This prime assemblage includes two contiguous parcels—offered together or separately—providing a total of 24,028 SF of land, excellent frontage, and strategic positioning near the 110 freeway and major transit routes.
**Purchase Options:**
- Acquire both parcels for maximum scale and yield.
- Purchase 8928 S Figueroa St (APN: 6038004007, 17,993 SF, with existing 6,411 SF structure)
- Purchase 451 W 90th St (APN: 6038004006, 6,035 SF, currently vacant)
**Development & Incentive Potential:**
- **Zoning:** RD2-1, Height District T-1, Opportunity Zone
- **Unit Yield:** Up to 26 dwelling units by-right across both parcels
- **Affordable Housing Programs:** Unlock up to 174 units with MIIP (Mixed Income Incentive Program) or AHIP (Affordable Housing Incentive Program)
- **FAR:** Up to 4.5:1 with incentives
- **Maximum Building Height:** Up to 78 feet
- **No Parking Required:** AB 2097 exemption for transit-rich location
- **Open Space Strategy:** Satisfy requirements with 15% of lot area or 10% of total residential floor area; 50% of open space as outdoor common area
- **Incentive Menu:** Bonus FAR, extra stories, relief from select standards for eligible projects (including childcare facility or multi-bedroom units)
- **Affordable Mix:** Flexible set-asides for extremely low, very low, and low-income units; additional benefits for mixed-income inclusion
- **Parcel Dimensions:** About 136’ x 160’ x 145’ x 151’ (combined)
- **Council District 8 | Empowerment Congress Southeast | South LA APC**
**Property Highlights:**
- Commanding street presence and corner visibility
- No parking minimums, significant cost and design flexibility
- Astounding upzoning and density potential for multifamily, affordable, or mixed-use developers
- Immediate proximity to public transit, schools, new infrastructure, and the 110 freeway
- Excellent opportunity for mission-driven or opportunistic investors seeking scale, value, and location