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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.
Property Type(s):
Residential Income
| Last Updated | 9/20/2024 | Tract | West Adams |
|---|---|---|---|
| Year Built | 1946 | Community | Park Hills Heights |
| County | Los Angeles |
Price History
| Prior to Sep 20, '24 | $8,995,000 |
|---|---|
| Sep 20, '24 - Today | $5,650,000 |
Additional Details
| AREA | Park Hills Heights |
|---|---|
| GARAGE | Carport, Controlled Entrance, Gated, One Space |
| LOT | 0.77 acre(s) |
| PARKING | Controlled Entrance,Carport,Gated,One Space |
| STORIES | 1 |
| SUBDIVISION | West Adams |
| ZONING | CM-2D-CPIO/LM |
Location
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Listed with Compass
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