Property listed by Federal Financial, Brian Tanenbaum 310-980-2261
$850,000
Property located mid-block on 53rd Street in Los Angeles, surrounded by recent and ongoing neighborhood development. The site offers potential for redevelopment and is expected to be delivered with no tenants at the close of escrow. Requires cash or hard money financing only. Its a fixer.
Buyer to… Read More verify condition, square footage, permits, and any potential uses with the City of Los Angeles. Property is being sold as-is.
Property can be redone with city approval or be replaced with new building. There is a City of Los Angeles Substandard Order - Supplemental issued
on the property. The tenants will be leaving and the building will be delivered empty. There are four units and building is 3 thousand square feet.
Needs to be legalized with the city. Markets rents can be $9800.00 to $10,000.00. There a huge upside to the property. Hurry won't last long. Owner will do a three month escrow to allow for plan approval. WILL BE DELIVERED EMPTY. New buyers to verify square footage. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Lot Size
0.12 Acres
Year Built
1914
MLS Number
SR26090625
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Building
Built in 1914, 1 building, 1 storey, Entry level: 1, Entry location: FRONT, Construction Materials: Frame, Stucco
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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