Back on the market. This diamond in the rough is a unique opportunity for the right investor. This tri-plex has excellent curb appeal and is located in one of the most desireable school districts in the county. These apartments are centrally located to all amenities and are walking distance to restaurants, shopping, parks, and public transportation. Tenants have been responsible for all interior maintenance in exchange for limited rent increases so there is substantial deferred maintenance. Long term tenants wish to remain and are not aware the property is being marketed. Consequently, drive-by inspections only and write full-priced (or higher) offers subject to interior inspection. This transaction will require a minimum of 90-120 days to consumate and, NO, there is no way to expedite the process as the Probate Court of Los Angeles County has jurisdiction and will dictate all procedures and timelines. Court confirmation hearing is scheduled for May 28 where overbidding will commence at $787,500.
Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2019 at 5:36pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.