700 W 53rd
Los Angeles, CA 90037
$798,500
$850,000
About This Home
CALLING ALL DEVELOPERS, INVESTORS, AND ANYONE with a big imagination. This property is an exceptional investment opportunity in the city of Los Angeles featuring a four-unit property (fourplex) situated mid-block on 53rd Street, surrounded by ongoing neighborhood growth and development. Ideally for those looking to renovate and reposition, the property requires permitting and alignment with the City of Los Angeles. Once improved, the asset offers significant upside potential, with projected market rents estimated in the $9,800 to $10,000 range per month. The approximately 3,000 square foot building consists of four units and is being offered as a major fixer. Property is subject to a City of Los Angeles Substandard Order – Supplemental and is to be sold as-is. Buyer to verify all information, including square footage, permits, condition, and potential uses with the City. ONLY CASH OR HARD MONEY offers. A COMPELLING OPPORTUNITY for investors seeking a project with substantial upside in a rapidly evolving area.
Property Details
Location
Listed by
Brian Tanenbaum
Federal Financial
MLS# F210008409
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Based on information from CRMLS. All data is deemed reliable but not guaranteed. Listings marked with the CRMLS icon are provided courtesy of the California Regional MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.