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.
Property Details
Price:
$5,650,000
MLS #:
24383424
Status:
Pending
Baths:
0
Address:
5112 W Jefferson Boulevard
Type:
Residential Income
Subdivision:
West Adams
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jan 18, 2024
State:
CA
ZIP:
90016
Lot Size:
33,340 sqft / 0.77 acres (approx)
Year Built:
1946
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Schools
Interior
Exterior
Parking Features
Carport, Controlled Entrance, Gated, Parking Space
Parking Spots
14.00
Security Features
Automatic Gate
Financial
Map
Community
- Address5112 W Jefferson Boulevard Los Angeles CA
- AreaPHHT – Park Hills Heights
- SubdivisionWest Adams
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.5112 W Jefferson Boulevard
Los Angeles, CA
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