CA > Los Angeles > West Adams
Los Angeles, CA 90016,5112 W Jefferson Blvd
Los Angeles, CA 90016,5112 W Jefferson Blvd
Los Angeles, CA 90016,5112 W Jefferson Blvd
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$5,650,000
Est. payment /mo
6 Baths
31,539 SqFt
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UPDATED:

11/05/2024 05:27 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 31,539 sqft

Price per Sqft $179

Subdivision West Adams

MLS Listing ID 24-383424

Year Built 1946

Lot Size 0.765 Acres

Acres 0.4663

Property Description

In Escrow, non-contingent. Bankruptcy Court OVERBID date is NOVEMBER 19,2024 WITH OVERBID OFFERS DUE NOVEMBER 15, 2024. FIRST OVERBID SHALL BE $200K OVER THE CURRENT $5,650,000. All Tenants are month to month - TOC Tier3 - Enterprise Zone - ED1 Eligible FIVE BUILDINGS (31,539+/-SF) on TWO PARCELS/LOTS of land (33,000+/- SF) located at the corner of W. Jefferson Blvd. and S. La Brea Ave. Perfect development play or for an owner/user. All Tenants are month to month and the price per square foot is insanely low.PHASE 1 & PHASE 2 Environmental completed and no action required. Clean bill of health and ready to sell. Days on market were due to a previous Title issue that has now been cleared. The properties must be purchased together as a portfolio and are subject to the Bankruptcy Court Overbid process.THE $5,650,000 CONTRACT PRICE IS AT AN INCREDIBLY LOW PRICE OF UNDER $200 PER SQUARE FOOT AND IS SUBJECT TO OVERBID IN BANKRUPTCY COURT.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning CM-2D-CPIO/LM

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Air Conditioning

Equipment Elevator

Exterior

Garage Carport, Controlled Entrance, Gated, Parking Space

Garage Spaces 14.0

Building

Lot Description 2-4 Lots

Story 1

Level or Stories Multi/Split

Others

Special Listing Condition Bankruptcy Property

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Listed by Compass

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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