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!
For sale
Listed by: Century 21 A Better Service • Victor Hernandez • Contact: 562-682-4075
$565,000
5859 S Figueroa St, Los Angeles, CA 90003
2beds
936sqft
:
Get pre-qualified$3,779/mo
Single Family Residence
Built in 1914
5,400 Square Feet Lot
$566,900 Zestimate®
$604/sqft
$-- HOA
What's special
- 58 days |
- 189 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Victor Hernandez DRE #01028563 562-682-4075,
Century 21 A Better Service
Source: CRMLS,MLS#: DW26124687
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Cooling
- None
Appliances
- Laundry: None
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 936 sqft
Property
Parking
- Parking features: Driveway
Features
- Levels: One
- Stories: 1
- Entry location: front
- Patio & porch: Front Porch
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 5,400 Square Feet
- Features: Back Yard, Front Yard, Level, Near Public Transit
Details
- Parcel number: 6004035008
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $604/sqft
- Tax assessed value: $104,442
- Annual tax amount: $1,462
- Date on market: 6/8/2026
- Cumulative days on market: 58 days
- Listing terms: Cash,Submit
Estimated market value
$566,900
$539,000 - $595,000
$2,653/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $565,000$604/sqft |
Source:  CRMLS #DW26124687 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,462 +1.7% | $104,442 +2% |
| 2024 | $1,437 +1.5% | $102,395 +2% |
| 2023 | $1,417 +4% | $100,388 +2% |
| 2022 | $1,362 +1.8% | $98,421 +2% |
| 2021 | $1,338 -0.7% | $96,492 +1% |
| 2020 | $1,347 | $95,504 +2% |
| 2019 | $1,347 +8.4% | $93,633 +2% |
| 2018 | $1,243 | $91,798 +2% |
| 2017 | $1,243 +2% | $89,999 +2% |
| 2016 | $1,219 +3.1% | $88,235 +1.5% |
| 2015 | $1,183 +0.2% | $86,911 +2% |
| 2014 | $1,181 | $85,210 +2.5% |
| 2012 | -- | $83,163 +2% |
| 2011 | -- | $81,533 +0.8% |
| 2010 | -- | $80,925 -0.2% |
| 2009 | -- | $81,119 +2% |
| 2008 | -- | $79,529 +2% |
| 2007 | -- | $77,970 +2% |
| 2006 | -- | $76,443 |
| 2005 | -- | $76,443 +4% |
| 2004 | -- | $73,477 +1.9% |
| 2003 | -- | $72,131 +2% |
| 2002 | -- | $70,718 +4% |
| 2000 | -- | $67,973 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Los Angeles
Nearby schools
GreatSchools rating
- 8/10Sixty-First Street Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10Los Angeles Academy MiddleGrades: 6-8Distance: 1.1 mi
- 4/10Augustus F. Hawkins High A Critical Design And GamingGrades: 9-12Distance: 0.4 mi
- $--2 bd1 ba-- sqft5870 S Figueroa St #72-3, Los Angeles, CA 90003Off Market
- $634,5002 bd1 ba-- sqft5870 S Figueroa St, Los Angeles, CA 90003Off Market
- $769,5005 bd3 ba911 sqft5866 S Figueroa St, Los Angeles, CA 90003Off Market
- $--1 bd1 ba500 sqft5874 S Figueroa St APT 5, Los Angeles, CA 90003Off Market
- $--1 bd1 ba500 sqft5874 S Figueroa St APT 7, Los Angeles, CA 90003Off Market
- $1,150,0008 bd8 ba4.6k sqft5876 S Figueroa St, Los Angeles, CA 90003Sold
- $622,700-- bd-- ba-- sqft5860 S Figueroa St, Los Angeles, CA 90003Off Market
- $480,0002 bd1 ba1.1k sqft5900 S Figueroa St, Los Angeles, CA 90003Sold
A local agent can set up tours, give advice and negotiate with sellers.
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