Property listed by Compass, Sam Shakerchi 310-230-5478
$5,650,000
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+/-… Read More 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. Read Less
Listing Snapshot
Days Online
402
Last Updated
Property Type
Other
Square Ft.
31,539
Lot Size
0.77 Acres
Year Built
1946
MLS Number
24383424
30 Days Snapshot Of 90016
$929k
-22%
(avg) sold price
8
-38%
homes sold
110
+37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1946, Building area total: 31,539, Levels: MultiSplit, Living area: 31539, 5 buildings
Income
Gross income: $712,860, Net operating income: $265,776
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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