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Jefferson & La Brea Portfolio

2 Properties Offered at $8,035,034 CAD in Los Angeles, CA

Investment Highlights

  • 5 Buildings on 2 Lots of Irreplaceble Real Estate
  • Over 30,000 SF
  • Opportunity Zone
  • Development Opportunity
  • TOC 3
  • Directly Next Door to Metro Station

Executive Summary

***OFFERS DUE NO LATER THAN NOVEMBER 14,2024***
***BANKRUPTCY COURT OVERBID DATE is NOVEMBER 19, 2024***
NOTION of HEARING ON MOTION SALE ATTACHED
First Overbid Shall be at $5,850,000 - PLEASE CONTACT LISTING AGENT FOR THE DETAILS.
Prime West Adams Location - All Tenants are month to month - TOC Tier3 - Enterprise Zone - ED1 Eligible
FIVE BUILDINGS (31,539+/-SF) on TWO PARCELS/LOTS of land (33,000+/- SF) located at the corner of W. Jefferson Blvd. and S. La Brea Ave. Perfect development play or for an owner/user. All Tenants are month to month and the price per square foot is insanely low.
PHASE 1 & PHASE 2 Environmental completed and no action required. Clean bill of health and ready to sell.
Days on market were due to a previous Title issue that has now been cleared.
The properties must be purchased together as a portfolio and are subject to the Bankruptcy Court Overbid process.
THIS RARE OPPORTUNITY IS UNDER CONTRACT AT AN INCREDIBLY LOW PRICE OF $178.97 PER SQUARE FOOT.

Property Facts

Price $8,035,034 CAD
Price / SF $189.04 CAD / SF
Sale Conditions
Bulk/Portfolio Sale
  • Redevelopment Project
Sale Type Investment or Owner User
Status Escrow
Number of Properties 2
Individually For Sale 0
Total Building Size 42,504 SF
Total Land Area 1.46 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Jefferson/La Brea Bldgs
3409-3421 S La Brea Ave, Los Angeles, CA 90016
Retail 10,965 SF 1994 -
5112-5118 W Jefferson Blvd, Los Angeles, CA 90016 Industrial 31,539 SF 1946 -
Show More > < Show Less
  • Listing ID: 27226412

  • Date on Market: 2022-12-02

  • Last Updated:

  • Address: Jefferson & La Brea Portfolio, Los Angeles, CA

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