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$2,900,000
Est. payment /mo
9,970 Sqft Lot
UPDATED:
09/30/2024 06:56 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 23291576
HOA Y/N No
Year Built 1931
Lot Size 9,970 Sqft
Lot Dimensions Assessor
Property Description
HUGE PRICE REDUCTION! HIGHLY MOTIVATED SELLERS! Land development opportunity / existing building on a signaled corner location surrounded by explosive growth in the Palms neighborhood of West Los Angeles. Owner / User has operated site as a restaurant continuously for the last 50 years, and is now closed. The potential for this property as based on its flexible C2-1 zoning ranges from continuing with it's most current use, or as a variety of other commercial operations. It's Highest & Best Use would be as a mixed-use development of up to 40 residential units coupled with ground level retail, per Los Angeles TOC (Transit Oriented Communities) Tier 2 bonus guidelines. This is a Trust Sale with no court confirmation required.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAC2
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 8
Building
Lot Description Corner Lot, Over 40 Units/Acre, Near Public Transit, Rectangular Lot, Value In Land
Story 1
Water Public
Others
Tax ID 4252033027
Acceptable Financing Conventional, Trust Conveyance
Listing Terms Conventional, Trust Conveyance
Financing Cash,Conventional
Special Listing Condition Standard
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Listed by Merrill Leeds • Merrill Paul Leeds, Broker
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908