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$ 2,900,000
Est. payment | /mo
4,437 SqFt
$ 2,900,000
Est. payment | /mo
4,437 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 4,437 sqft
Price per Sqft $653
MLS Listing ID CL23291576
HOA Y/N No
Year Built 1931
Lot Size 9,970 Sqft
Acres 0.23
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 Listing
Zoning LAC2
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 4252033027
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Merrill Leeds • Merrill Paul Leeds, Broker
GET MORE INFORMATION
Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com