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$5,650,000
Est. payment /mo
6 Baths
31,539 SqFt
UPDATED:
12/19/2024 07:52 AM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 31,539 sqft
Price per Sqft $179
Subdivision West Adams
MLS Listing ID 24383424
HOA Y/N No
Year Built 1946
Lot Size 0.765 Acres
Property Description
In Escrow, non-contingent. Bankruptcy Court OVERBID date is NOVEMBER 19,2024 WITH OVERBID OFFERS DUE NOVEMBER 15, 2024. FIRST OVERBID SHALL BE $200K OVER THE CURRENT $5,650,000. All Tenants are month to month - TOC Tier3 - Enterprise Zone - ED1 Eligible FIVE BUILDINGS (31,539+/-SF) on TWO PARCELS/LOTS of land (33,000+/- SF) located at the corner of W. Jefferson Blvd. and S. La Brea Ave. Perfect development play or for an owner/user. All Tenants are month to month and the price per square foot is insanely low.PHASE 1 & PHASE 2 Environmental completed and no action required. Clean bill of health and ready to sell. Days on market were due to a previous Title issue that has now been cleared. The properties must be purchased together as a portfolio and are subject to the Bankruptcy Court Overbid process.THE $5,650,000 CONTRACT PRICE IS AT AN INCREDIBLY LOW PRICE OF UNDER $200 PER SQUARE FOOT AND IS SUBJECT TO OVERBID IN BANKRUPTCY COURT.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning CM-2D-CPIO/LM
Interior
Fireplace No
Exterior
Parking Features Controlled Entrance, Carport, Gated, One Space
Total Parking Spaces 14
Building
Story 1
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5047001003
Security Features Security Gate
Special Listing Condition Bankruptcy Property
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Listed by Sam Shakerchi • Compass