4211 E Olympic Blvd, Los Angeles, CA 90023

Property Description

Accepted offer of $1,000,000. Court overbidding will start at $1,050,500. Court date is December 22 at 8:30 AM, 111 N. Hill Street, Dept 99. Trust Sale, COURT CONFIRMATION REQUIRED. Multiple offers. Excellent development or investment opportunity on a substantial 13,518 sq ft lot zoned LCM1. The property includes a functioning grocery store and a butcher shop that is sublet by the grocery tenant. The current lease for the grocery store expired in 2022, and it is highly advisable for prospective buyers to review all lease agreements and terms. This versatile property offers significant potential for the highest and best use, whether for redevelopment, retail expansion, or other commercial/industrial uses permissible under LCM1 zoning. The lot's size and zoning provide flexibility for various development visions, making it an attractive opportunity for investors or developers seeking to capitalize on a strategic location. The property is being sold AS IS with existing tenant and code violation. easy access for showings. This is a rare chance to acquire a well-located parcel with substantial upside potential in a high-traffic area, suitable for buyers with redevelopment visions or those looking for a solid income-producing asset.