3601 Overland Ave Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90034
Key Details
Property Type Vacant Land
Sub Type Com-Lnd/Rn/Grv
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 23-291576
Property Sub-Type Com-Lnd/Rn/Grv
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
Zoning LAC2
Exterior
Utilities Available Electric
View Y/N No
Building
Story 1