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$1,700,000
Est. payment /mo
5,005 Sqft Lot
UPDATED:
12/06/2024 02:54 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24435216
HOA Y/N No
Year Built 1960
Lot Size 5,005 Sqft
Property Description
Probate Sale. Subject to Court confirmation and overbidding in Court. 8-Unit mixed-use property located in a trendy district of West LA. Easy access to shopping, dining options, entertainment, and I-405. Minutes from Downtown Culver City and Venice Beach. Excellent opportunity for a savvy investor to acquire a prime westside location with significant value-add potential. For sale AFTER 58 years! Unit mix 5 x 2 bed 1 bath and 1 x 1 bed 1 bath residential units, plus 2 commercial units. One large 2 bedroom unit is vacant, and will be delivered vacant at COE. All units are separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on Feb. 05, 2019. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Roof Type Flat,Rolled/Hot Mop
Total Parking Spaces 7
Building
Lot Description Rectangular Lot
Story 2
Water Public
Others
Tax ID 4235029038
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Court Approval
Listing Terms Cash, Court Approval
Financing Cash
Special Listing Condition Probate Listing
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Listed by Vineendra Jain • Ingenious Asset Group, Inc.
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908