$50M New Apartment Permit Filed at 3101 S. Figueroa St
A $50.0M new-apartment building permit was filed Oct. 26 for 3101 S. Figueroa St in Los Angeles. LADBS has not issued it.
- Source Briefing
- Public record
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A new-construction apartment permit with a declared value of $50.0 million has been filed for 3101 S. Figueroa St in South Los Angeles. It is a proposed project: the permit is filed, not yet issued.
Why it matters
A new-building permit filing signals a project is moving toward plan check and, later, construction. At $50 million declared, this is a sizable apartment filing on the Figueroa corridor. No public announcement of the project turned up.
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The same corridor drew a smaller filing recently. See LADBS Permits 145-Unit Apartment Building on South Figueroa, a different address and a different permit. More filings are tracked on the Los Angeles hub.
The numbers
- Permit 26010-10000-05232, type Bldg-New, use Apartment, submitted 2026-10-26.
- Declared valuation: $50.0 million. That is the figure on the filing, not a purchase price or a confirmed construction budget.
- Status in the LADBS record: PC Assigned, meaning plan check has been assigned and the permit is not issued.
- Site: 3101 S. Figueroa St, Los Angeles County Assessor parcel 5123010026. The parcel page lists the owner of record and sale history, which is where a developer name would first appear.
The record lists no unit count and no operating developer, so none is named.
What’s next
PC Assigned means a reviewer has the plans, and correction rounds usually follow before issuance. Plan check must finish before LADBS can issue the permit. For an LA developer, issuance would be the sign that construction can start, and a unit count may surface then or in a planning case.
More in Foreclosure & Distress News.
On the record
LADBS permit 26010-10000-05232 for new apartment construction at 3101 S. Figueroa St was submitted 2026-10-26 with a $50.0M declared valuation and has not been issued.
Public record · data.lacity.org
Primary record
- Los Angeles County AssessorParcel detail for 3101 S. Figueroa St (AIN 5123010026)