252 S June St, Los Angeles, CA 90004

Property Description

"This property has been placed in an upcoming online event from 11/27/2021 08:00 CST (05:00 PST) to 11/29/2021 13:05 CST (10:05 PST). All bids should be submitted at Xome Auctions (see the website link in the private remarks). Please submit any pre-auction offers received through the property details page on Xome.com. Any post-auction offers will need to be submitted directly to the listing agent. All offers will be reviewed and responded to within 3 business days. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions (minimums will apply). Please contact listing agent for details and commission paid on this property." If you need help on how to bid, see the Auction Brochure saved under Documents. Despite the extensive fire damage, this property is full of so much potential. This 3454 square ft property is located on a 13,350 square ft lot in a Historic Preservation Overlay Zone, in the prestigious community of Hancock Park. The good news to buyers and investors is that prices in historic zones tend to rise faster, because these neighborhoods tend to be well-maintained. Historic houses in HPOZs can also qualify for property tax reductions under the Mills Act, which can help defray the cost of maintenance. Buyers will need to consult with the HPOZ before plans to re-build the property from ground up. This property is ready for creative investors, builders or adventure seekers. The stability and safety of the interior of this property cannot be guaranteed, and therefore you are advised against entering or inspecting the interior. The property will be sold AS IS, sight on seen. CASH BUYERS ONLY. There is a pool in the backyard. The garage was converted to a pool room, however there is a lot of space for parking in the driveway.