REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$2,900,000

Est. payment - /mo

9,970 Sqft Lot

Save

UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 23291576

HOA Y/N No

Year Built 1931

Lot Size 9,970 Sqft

Lot Dimensions Assessor

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 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

Acceptable Financing Conventional, Trust Conveyance

Listing Terms Conventional, Trust Conveyance

Financing Cash,Conventional

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Merrill Leeds Merrill Paul Leeds, Broker #01309039

Nearby School & Business

Get More Information

Jessica Panzica

+1(714) 313-8193

Agent License ID: 01854556

3601 Overland AVE Los Angeles, CA 90034

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information