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3601 Overland AVE Los Angeles, CA 90034
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Key Details
Sold Price $2,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23290785
Sold Date 11/09/23
HOA Y/N No
Year Built 1931
Lot Size 9,970 Sqft
Lot Dimensions Assessor
Property Description
HUGE PRICE REDUCTION! HIGHLY MOTIVATED TRUST SELLERS! Presenting an outstanding investment opportunity in a prime Palms location on a signaled corner lot! Surrounded by explosive growth and coupled with flexible C2-1 zoning, the possibilities for this property range from continuing with it's historical use as retail, or as a variety of other commercial operations. As a redevelopment strategy, it's "Highest & Best" would be as a mixed-use project of up to 40 residential units with ground level retail, per Los Angeles TOC (Transit Oriented Communities) Tier 2 bonus guidelines. Operated by the same owner / User as a restaurant continuously for the last 50 years, the business is now closed and will be delivered vacant. This is a Trust Sale with no court confirmation required.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAC2
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 8
Building
Lot Description Corner Lot, Over 40 Units/Acre, Near Public Transit, Rectangular Lot, Value In Land
Story 1
Water Public
Others
Tax ID 4252033027
Security Features Fire Sprinkler System,24 Hour Security
Acceptable Financing Conventional, Trust Conveyance
Listing Terms Conventional, Trust Conveyance
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Simon A. Lazar • Simon A. Lazar