3601 Overland Avenue Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90034
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 4,437 sqft
Price per Sqft $653
MLS Listing ID CL23291576
Year Built 1931
Lot Size 9,970 Sqft
Property Sub-Type Comm Ind For Sale
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.
Location
State CA
County Los Angeles
Area Listing
Zoning LAC2
Interior
Heating Forced Air,Natural Gas
Building
New Construction No