300 S Alvarado Street, Los Angeles, CA 90057
Commercial property
Sold November 2024
Listing Agent: Andrew Brody (DRE #01776328) · Listing Office: Equity Union · Contact: 424-600-7620 · Bought with: Shawn Raoufpour · Gold Realty · MLS #23293629 · Source: CRMLS
About this commercial property
COURT CONFIRMATION IS SET FOR 8/15/2024 AT 111 N. HILL STREET LOS ANGELES, CA 90012, DEPARTMENT 79. MINIMUM OVERBID IS $2,520,500.00. QUALIFIED BIDDERS MUST BEING A CASHIERS CHECK MADE PAYABLE TO THE "CURTIS R. COBB 2012 FAMILY TRUST DATED 6/17/2012" ALONG WITH PROOF OF FUNDS TO CLOSE AND/OR PRE-APPROVAL LETTER. THIS SALE IS NON-CONTINGENT. This is an extremely unique redevelopment opportunity located on the prime corner of 3rd Street and Alvarado in the Westlake community zone. Subject property is part of the Transit Oriented Community (TOC - Tier 3). There are potential parking variances applicable under Assembly Bill 2097. This retail building is conveniently situated near public transportation with several bus lines. Buildable up to 45,000 sq. ft. with 50+ units. Located in a heavy vehicle and pedestrian foot traffic zone. The area is undergoing significant transformation and is less than three miles from Downtown Los Angeles. Most tenants are month-to-month or on expiring leases. Property is being sold as-is. All brokers and buyers to do their own investigation and due diligence regarding any/all property or land characteristics, including but not limited to square footage, zoning, land usage, permits, etc. Trust Sale subject to a Notice of Proposed Action.
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history