Detailed Introduction Of This Home
SHORT SALE. Experienced investors only. SFR with 1400+sqft on 5204 lot size, zoned R2. Transit Oriented Communities (TOC) Tier 3. Title shows 2BD/2BA, but permits (see attached) show home to be 30'x60' = 1800sqft. Buyer to investigate. Two-car garage in rear of lot is perfect for ADU. Once remodeled, this should sell fast for top dollar. Property to be sold as is and delivered with previous Seller in place (Dr. Wesley Dunning, who was a beneficiary of the trust). Property is SFR zoned, and occupant has never been a lessee or tenant, and he lives alone without any roommates. Current Seller filed eviction paperwork with Dennis Block on 6/17/22. Judgment was awarded to Seller in 11/23 and lockout paperwork filed with LA County Sheriff, only to have judgment set aside and new trial date of 1/16/24. Seller will assign all rights to current eviction proceedings to Buyer. Current Seller also owns neighboring property at 2700 Palm Grove Ave. This property will be developed as a SFR with 4BD/3BA and ADU in rear and resold in 9-12 months for $1.5M+ range. Plans are RTI. Current Seller will entertain offers to sell both properties at the same time. Price negotiable. Combined lots allow 7 units by right and upto 11 units (per TOC guidelines). Buyer to investigate. BRING ALL OFFERS. SELLERS LOSS IS YOUR GAIN!