HOT 76TH LOS ANGELES, CA 90044

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

FIRE SALE! Single family home with severe fire damage, being sold as-is. Re-build the existing house or tear down and start over! Original 1008 sq ft. structure was built in 1923 and features 2 bedrooms, 1 bathroom, living room with fireplace, an open dining room, bonus room off kitchen, covered front porch, and a detached one car garage (converted and added on to make an unpermitted 1 bedroom, 1 bath apartment). Redesign the floorplan to expand the kitchen and add a master suite at the rear. As a teardown, this spacious 5933 sq. ft. lot offers tremendous development potential (buyers to verify property is in a Tier 2 TOC and is not affected by HPOZ). Remodeled SFRs in the area are selling for almost $900Kimagine what a brand-new home with ADU could sell for (and check with the city to see about utilizing SB9 and SB10 to build more units). Great location near the 110 freeway, USC, Sofi Stadium, The Forum, Space X, LAX, and more. NOTE: Property is fully fenced and not accessible without listing office present. See open house schedule for interior access dates/times. **DEADLINE FOR OFFERS: FRIDAY, MARCH 11, 2022 AT 9:00AM.**

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