139 E 62nd St, Los Angeles, CA 90003

Property Description

HOLD No Showings ATTENTION Investors!! Property will not qualify FHA or Conventional. Being Sold As-IS. Flooring, Roof, Windows, Electrical, Kitchen & Bathrooms all require extensive repairs, upgrading and remodeling. Tax assessor's data shows home as a 3bd 2ba but appears the property has had room additions & other structural modifications made also seller states plumbing is all-copper & drain-lines have been replaced. Buyer to investigate accuracy of these statements, the permitted status of these alterations & verify legal description, square footage & land use of property. Seller shall not be responsible for City of LA inspections or the cost of any repairs required as result of city or other inspection findings. Buyer to assume all responsibility for bringing property into City compliance and buyer to file an "Assumption of Responsibility" form with city (if required). Title shows R2 zoning and property has alley access and Detached 2 car garage at rear of long community driveway. Nearby Lots have been torn down and 2 units rebuilt, however, buyer to confirm this land use with city. Physical challenges present a great opportunity for the right investor who ideally should be familiar with the city of Los Angeles rehab requirements.