Los Angeles CA Real Estate & Commercial for Sale

Probate Sale. Subject to Court confirmation and overbidding in Court. 8-Unit mixed-use property located in a trendy district of West LA. Easy access to shopping, dining options, entertainment, and I-405. Minutes from Downtown Culver City and Venice Beach. Excellent opportunity for a savvy investor to acquire a prime westside location with significant value-add potential. For sale AFTER 58 years! Unit mix 5 x 2 bed 1 bath and 1 x 1 bed 1 bath residential units, plus 2 commercial units. One large 2 bedroom unit is vacant, and will be delivered vacant at COE. All units are separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on Feb. 05, 2019. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. OPEN Fri., 04/19/2024 from 11:00am to 1:00pm. The deadline to submit offers is by 5:00pm on Monday, April 22nd, 2024.

Famed Architect Gerard Colcord was commissioned to design and build this mix-use property in 1941. For 71 years it existed under the ownership of one family, until the current owners purchased it in 2012. Using their vision to make it their own, the present owners lovingly renovated the property, collaborating with well-known landscape architect, Jay Griffith. Of note, this property was the site of the Toyoshima Seed company serving simultaneously as their residence for nearly 7 decades while supplying the local farms on Centinela. Don't miss your chance to own spectacular piece of history that boasts awe-inspiring architecture. This property offers numerous great opportunities due to commercial zoning, including: retail, studio, an art gallery or the ultimate zen venue for your tech start up. ADU potential is also present here, allowing the right person with the right vision to truly let their imagination run wild. The property maybe an ideal candidate for higher density units due to SB10, buyer to do their due diligence.

Location,location,location! Great investment opportunity. Almost a $100k dollars worth of renovation and paints of exteriors. FRESHLY PAINTED throughout exterior wall,new install of a beautiful and modern look facade in the front(center) of the building,new front windows,freshly painted door on each unit,new concrete on the driveway,new decomposed granite both in the backyard and sideyard ,new landscaping in the frontyard .This triplex is on a large lot, zoned R3 and features a(first unti) 2 bedrooms with 1 1/5 bathrooms unit , (second unit)2 bedrooms with 1 bathroom unit and third unit)1 bedroom with 1 bathroom unit. There is a possible 4th unit of living space with bedroom space ,bathroom (not permitted) with its own backyard. The shared laundry room has new flooring,and freshly painted throughout.A designated storage per unit, individual 1 car parking lot. A very quiet and established community,very close to freeway, to LAX,famous beaches ,shoppings and winning schools .