Josh Kaplan
This listing was posted on RealtyWW.
$1,150,000
Plot For Sale In Los Angeles, California
Price:
$1,150,000
Location:
5441 Lemon Grove Ave, Los Angeles, CA
Description:
See DOCs section for OM. Property is in a Probate Estate but not currently required to go through court overbid process. Property must be purchased together with two adjacent lots 5431 and 5437 Lemon Grove Ave. The Highlight Group of Equity Union as the exclusive listing agent are pleased to present the opportunity to acquire 5431-5441 Lemon Grove Ave., a 20, 999 square foot development site of three contiguous lots located in prime Hollywood. The site is zoned R2-1XL | TOC Tier 2 but a developer may be able to significantly increase the density through the Executive Directive 1 program (Buyer to independently verify). The lots are currently improved with a combined 9 Los Angeles Rent Stabilization Ordinance units (5431 is a duplex, 5437 is a triplex, and 5441 is a fourplex), of which 8 are vacant. The ninth tenant is significantly behind on current rent, also owes significant back rent from the Eviction Moratorium and the owner is currently engaging counsel with a very good reputation and track record to start the eviction process.For more details: https://realtyww.info/land-lots_los-angeles-d523223/for-sale_i72957013
Property Type:
Land for Sale
Sq feet:
999 sq. ft.
For sale by:
Agent/Broker
Posted:
June 14 on RealtyWW
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More About this Listing: Plot For Sale In Los Angeles, California
Plot For Sale In Los Angeles, California is a Land for Sale at 5441 Lemon Grove Ave in Los Angeles CA. Find other listings like Plot For Sale In Los Angeles, California and listings near 5441 Lemon Grove Ave by searching Oodle Classifieds for Land for Sale in Los Angeles CA.
Plot For Sale In Los Angeles, California is a Land for Sale at 5441 Lemon Grove Ave in Los Angeles CA. Find other listings like Plot For Sale In Los Angeles, California and listings near 5441 Lemon Grove Ave by searching Oodle Classifieds for Land for Sale in Los Angeles CA.