5112 W Jefferson BLVD Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 31,539 sqft
Price per Sqft $179
Subdivision West Adams
MLS Listing ID 24383424
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 Phht - Park Hills Heights
Zoning CM-2D-CPIO/LM
Exterior
Parking Features Controlled Entrance,Carport,Gated,One Space
Building
Story 1
New Construction No
Others
Special Listing Condition Bankruptcy Property