5112 W Jefferson Blvd Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 31,539 sqft
Price per Sqft $179
Subdivision West Adams
MLS Listing ID 24-383424
Year Built 1946
Lot Size 0.765 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning CM-2D-CPIO/LM
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Air Conditioning
Equipment Elevator
Exterior
Parking Features Carport, Controlled Entrance, Gated, Parking Space
Garage Spaces 14.0
Building
Lot Description 2-4 Lots
Story 1
Others
Special Listing Condition Bankruptcy Property