3601 Overland Avenue, Los Angeles, CA 90034
- $2,900,000
- List Price
- $2,900,000
- Price Change
- ▼ $1,100,000 1697083189
- Status
- PENDING
- MLS#
- 23291576
- Year Built
- 1931
- Lot Size
- 9,970
- Acres
- 0.23
- Lot Location
- Corner Lot, Over 40 Units/Acre, Near Public Transit, Rectangular Lot, Value In Land
- Days on Market
- 11
- Property Type
- Commercial
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
- Heat
- Forced Air, Natural Gas
- Cooling
- Yes
- Exterior Construction
- Stucco
- Roof
- Flat
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Merrill Leeds (mpleeds@cox.net) from Listing Office: Merrill Paul Leeds, Broker.
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