Los Angeles, CA 90034,3601 Overland Ave
Los Angeles, CA 90034,3601 Overland Ave
Los Angeles, CA 90034,3601 Overland Ave
$2,500,000
Est. payment /mo
$2,900,000
13.8%
Est.Price: ?

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4,437 SqFt
SOLD DATE : 11/09/2023

Key Details

Sold Price $2,500,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 4,437 sqft

Price per Sqft $563

MLS Listing ID 23-290785

Sold Date 11/09/23

Year Built 1931

Lot Size 9,970 Sqft

Acres 0.2289

Property Sub-Type Retail

Property Description

HUGE PRICE REDUCTION! HIGHLY MOTIVATED TRUST SELLERS! Presenting an outstanding investment opportunity in a prime Palms location on a signaled corner lot! Surrounded by explosive growth and coupled with flexible C2-1 zoning, the possibilities for this property range from continuing with it's historical use as retail, or as a variety of other commercial operations. As a redevelopment strategy, it's "Highest & Best" would be as a mixed-use project of up to 40 residential units with ground level retail, per Los Angeles TOC (Transit Oriented Communities) Tier 2 bonus guidelines. Operated by the same owner / User as a restaurant continuously for the last 50 years, the business is now closed and will be delivered vacant. This is a Trust Sale with no court confirmation required.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAC2

Interior

Heating Forced Air, Natural Gas

Exterior

Garage Spaces 8.0

Roof Type Flat

Building

Story 1

Water District

Structure Type Stucco

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Merrill Paul Leeds, Broker
Bought with Simon A. Lazar

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agent

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

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