3601 Overland AVE Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90034
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 23291576
Year Built 1931
Lot Size 9,970 Sqft
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 C13 - Palms - Mar Vista
Zoning LAC2
Interior
Heating Forced Air,Natural Gas
Exterior
Roof Type Flat
Building
Lot Description Corner Lot,Over 40 Units/Acre,Near Public Transit,Rectangular Lot,Value In Land
Story 1
Water Public
Others
Acceptable Financing Conventional,Trust Conveyance
Listing Terms Conventional,Trust Conveyance
Special Listing Condition Standard