700 W 53rd, Los Angeles, CA 90037
List Price: $850K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1914
Lot Size: 5,440 sq ft
Private Pool: Yes
MLS Number: SR26090625
About This Property
Property located mid-block on 53rd Street in Los Angeles, surrounded by recent and ongoing neighborhood development. The site offers potential for redevelopment and is expected to be delivered with no tenants at the close of escrow. Requires cash or hard money financing only. Its a fixer. Buyer to verify condition, square footage, permits, and any potential uses with the City of Los Angeles. Property is being sold as-is. Property can be redone with city approval or be replaced with new building. There is a City of Los Angeles Substandard Order - Supplemental issued on the property. The tenants will be leaving and the building will be delivered empty. There are four units and building is 3 thousand square feet. Needs to be legalized with the city. Markets rents can be $9800.00 to $10,000.00. There a huge upside to the property. Hurry won't last long. Owner will do a three month escrow to allow for plan approval. WILL BE DELIVERED EMPTY. New buyers to verify square footage.
Listing provided by: Brian Tanenbaum DRE #00871788 310-980-2261 BLT5841@OUTLOOK.COM, Federal Financial
Source: CRMLS, MLS #: SR26090625
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.