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Keller Williams
3601 Overland Avenue, Los Angeles, CA 90034
- $2,900,000
- List Price
- $2,900,000
- Status
- PENDING
- Days on Market
- 11
- Price Change
- ▼ $1,100,000 1697083189
- MLS#
- 23291576
- Subtype
- Commercial Sale
- Year Built
- 1931
- Lot Size
- 9,970
- Acres
- 0.23
- MLS Area Major
- Palms - Mar Vista (C13)
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.
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Additional Information
- Zoning
- LAC2
- Heating
- Forced Air, Natural Gas
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Roof
- Flat
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Listing courtesy of Listing Agent: Merrill Leeds (mpleeds@cox.net) from Listing Office: Merrill Paul Leeds, Broker.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.