4760 S Figueroa

Description

Introducing 4760 and 4766 S. Figueroa Street, a unique two assessor parcel number assemblage located in the Vermont Square neighborhood of Los Angeles (within close proximity to USC). Offered together for sale, these three contiguous lots present a rare opportunity for investors, developers, medical operators, and visionary entrepreneurs seeking a strategic location with exceptional redevelopment potential.The centerpiece of the offering, 4760 S. Figueroa Street, features a 2,850 square foot commercial building that was originally operated as a motel before being legally converted and renovated into a medical office complex. The ancillary building on the corner lot measures 340 square feet. Most recently, the property served as a multi-physician clinic under the name Western Health Care, demonstrating its adaptability for healthcare and professional office use.Zoned for multi-family/commercial hybrid use, the existing structure provides immediate utility while the two adjoining parcels create a substantial development opportunity. Together, the three lots form a prominent corner-lot assemblage offering approximately 23,309 square feet of land.Whether your vision includes student housing, a medical campus, mixed-use development, workforce housing, professional offices, retail, or another value-add commercial project, this property provides the flexibility and location to bring those plans to life.Property Highlights:1. Three contiguous lots sold together2. Prominent corner-lot location3. Existing 2,850 SF medical office building plus a 340 square foot ancillary building on the corner lot that is serving the auto storage4. Formerly operated as Western Health Care clinic5. Multi-family/commercial hybrid zoning6. Significant redevelopment and value-add potential7. Located near major transportation corridors, educational institutions, and employment centers8. Ideal for medical, residential, mixed-use, student housing, or commercial development9. Prior approved entitlement building plans (expired).This is an opportunity to acquire a versatile property with an existing income-producing structure and substantial upside through redevelopment. Bring your vision and unlock the full potential of this highly visible Los Angeles corner site.Contact us today for additional information, parcel details, and development possibilities.Note: Total land area to be verified based on all three lot sizes.