8301 S Figueroa St, Los Angeles, CA 90003

We are excited to present this exceptional 2-story, 19-room hotel, plus an additional 1 bed/1 bath manager's unit with an office and kitchen, located at 8301 S Figueroa St in vibrant South Los Angeles. This versatile property is perfect for conversion or redevelopment into transitional housing. The hotel features 17 rooms, each approximately 200 square feet, fully equipped with full bathrooms, queen beds, window AC units, televisions, desks, chairs, microwaves, and refrigerators. One room offers extra space at 225 square feet, furnished with a king bed and all the mentioned amenities. Additionally, a spacious 300 square foot room comes with two double beds and the same quality furnishings. The property is securely gated and includes 12 surface parking spaces, ensuring convenience and safety for residents. Its prime location offers a short walk to the Manchester and Figueroa intersection, both streets bustling with transit options, and the nearby 110 Freeway, making it ideal for commuters. Currently Section 8 is offering up to $2,132 for a unit. If a prospective buyer were to convert these units into section 8 housing, then there would be substantial returns. (Buyer to do their own due diligence.) Don't miss this unique opportunity to invest in a property with incredible potential. Contact us today for more information and to schedule a viewing.