3601 Overland Avenue, Los Angeles, CA 90034

About this commercial property

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.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$2,500,000

Sold November 2023 · listed $2,900,000, orig. $4,000,000, on market July 2023 · MLS #23290785 · Source: CRMLS

Listing Agent: Merrill Leeds · Listing Office: Merrill Paul Leeds, Broker · Contact: 760-415-5015 · Bought with: Simon A. Lazar · Simon A. Lazar

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