$8995000 Price Analysis   ♡   Los Angeles, CA 90016 0 bed 6 bath 31539 SqFt ($285/SqFt) 0.77 acre lot. Built 1946 Listed 2024-04-23, Taxes $37969 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
5-Building Portfolio Bankruptcy Sale - Prime owner-user
Investment or development opportunity in one of the most sought after and fastest growing neighborhoods in Los Angeles. 5 buildings on 2 lots totaling 33, 000+/- SF of prime West Adams real estate. 5112-5118 W Jefferson and 3416 S. Orange Dr. are Three (3) warehouse buildings totaling approximately 22, 375 +/- SF. All three buildings are currently occupied by month-to-month tenants and the second story of the rear building is vcant. Again - all tenants are month-to-month. 3409-3421 S La Brea is a 10, 965+/- SF property comprised of 6, 000+/- SF of retail space on La Brea Ave with a separate warehouse building at the rear of the building (3416 1/2 S Orange Dr.) that is 4, 965+/- SF.
There are currently two tenants occupying 65% of the retail space. Both/ALL tenants are month-to-month as w ell and the rear warehouse space (3416 1/2 S. Orange Dr) is vacant.PHASE I and PHASE II Reports are complete and CLEAN - NO ACTION REQUIRED. The properties/portfolio must be purchased together and are subject to Bankruptcy Court Overbid process. THIS RARE OPPORTUNITY IS LISTED AN INCREDIBLY LOW PRICE OF $285.00 PER SQUARE FOOT All Tenants are Month-to-Month -Tier 3 TOC - Opportunity Zone - Steps to the Metro Expo Line that connects Downtown Los Angeles to Santa Monica. Income details are both actual and projected. Income will vary depending on the new owner's usage.
Presented by Sam Shakerchi at
COMPASS.
Property MLS #24-383424 from TheMLSCLAW
Full Bathrooms: 6
Lot Size Acres: 0.7653811
Lot Size Square Feet: 33340
Parking Total: 14
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 SquareFeet: 59405
County: Los Angeles
Cross Street: Jefferson & La Brea
Directions: BANKRUPTCY SALE - 5 Buildings on 2 Parcels located in West Adams - Jefferson APN/Parcel is on Jefferson just west of La Brea - La Brea properties are on La Brea, just south of Jefferson and a warehouse behind it that also has an entrance on Orange.
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 5047-001-003
Postal Code Plus 4: 3814
Zoning: CM-2D-CPIO/LM
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1557044 + $1473762 $3030806 | $37969 |
| 2021 | $1526514 + $1444865 $2971379 | $37390 |
| 2020 | $1510862 + $1430050 $2940912 | $37739 |
| 2019 | $1481238 + $1402010 $2883248 | $36296 |
| 2018 | $1452195 + $1374520 $2826715 | $35774 |
| 2017 | $1423721 + $1347569 $2771290 | $35023 |
| 2016 | $1395805 + $1321147 $2716952 | $34016 |
| 2015 | $1110716 + $1301303 $2412019 | $30138 |
| 2014 | $1088959 + $1275813 $2364772 | $30270 |
| 2013 | $1084038 + $1270047 $2354085 | $30263 |
| 2012 | $1062783 + $1245145 $2307928 | $30668 |
| 2010 | $1041945 + $1220731 $2262676 | $24441 |
| 2009 | $607243 + $1214487 $1821730 | $23543 |
| 2009 | $605803 + $1211608 $1817411 | $23543 |
| 2008 | $595337 + $1190674 $1786011 | $22562 |
| 2007 | $583664 + $1167328 $1750992 | $21769 |
$8995000
TheMLSCLAW
Listing removed 2023-06-16
$0
TheMLSCLAW
Listed 2023-03-24
$10995000
TheMLSCLAW
Sold 2004-02-25
$2470000
Public Record
Sold 1999-08-31
$1600000
Public Record
Year Built: 1946
Levels: Multi Levels
Property Age: 78
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced
Security Features: Automatic Gate
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.