3601 Overland Avenue Los Angeles, CA ^$ 2,900,000

3601 Overland Avenue

^$ 2,900,000

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3601 Overland Avenue

Los Angeles, CA, 90034

^$ 2,900,000

Studio Baths0.0 Sq 4,437

Monthly Estimate*

^$ 20,257

Listed by Merrill Paul Leeds, Broker

3601 Overland Avenue, Los Angeles, CA 90034 - Image 1

3601 Overland Avenue, Los Angeles, CA 90034 - Image 2

3601 Overland Avenue, Los Angeles, CA 90034 - Image 3

3601 Overland Avenue, Los Angeles, CA 90034 - Image 4

3601 Overland Avenue, Los Angeles, CA 90034 - Image 5

3601 Overland Avenue, Los Angeles, CA 90034 - Image 6

3601 Overland Avenue, Los Angeles, CA 90034 - Image 7

3601 Overland Avenue, Los Angeles, CA 90034 - Image 8

3601 Overland Avenue, Los Angeles, CA 90034 - Image 9

3601 Overland Avenue, Los Angeles, CA 90034 - Image 10

3601 Overland Avenue, Los Angeles, CA 90034 - Image 11

3601 Overland Avenue, Los Angeles, CA 90034 - Image 12

3601 Overland Avenue, Los Angeles, CA 90034 - Image 13

3601 Overland Avenue, Los Angeles, CA 90034 - Image 14

Studio

Commercial Property for sale in Los Angeles, CA

for $2,900,000. This 4,437 square foot building was built in 1931 on a lot size of 0.2289.

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.

Commercial Pending

Price

^$ 2,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.2289

Year Built

1931

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23291576

Days on Market

294

Features

General

Heating ForcedAir NaturalGas

Roof Flat

Zoning LAC2

HOA 0.0

Construction Materials Stucco

Year Built 1931

Electric Standard

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Buyer Financing Cash Conventional

Directions 2 blocks north of Venice Blvd at the NW corner of Overland Ave at Charnock Rd.

City Los Angeles

Disclosures TrustConservatorship

View Y/N N

Senior Community Y/N N

MLS Area C13 - Palms - Mar Vista

Lot Size Square Feet 9970.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Overland

Listing Terms Conventional TrustConveyance

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 23

Standard Status Pending

Exterior

Lot Features CornerLot Over40UnitsAcre NearPublicTransit RectangularLot ValueInLand

Water Source Public

Total Parking 8.0

Lot Size Area 9970.0

Number of Buildings 1

Spa N

Building Area Total 4437.0

Lot Dimensions 145x95

Lot Size Acres 0.2289

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Entry Level 1

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 3601

* Excluded Features

List By

Merrill Paul Leeds, Broker

Broker

(760) 415-5015

Phone

Affordability Calculator

$20,257

Per Month

Monthly Principal & Interest: $20,257
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,235,838

Percent of Sale Price 23%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/11/2023	$2,900,000	-27.50%	Price Down
7/19/2023	$4,000,000		Listed Price

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3601 Overland Avenue, Los Angeles, CA, 90034 is a Commercial Property for sale at $2,900,000 with 4,437 sqft and a lot size of 0.2289. 3601 Overland Avenue is a studio with 0.0 baths and was built in 1931. The property's zip code is 90034 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/7/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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3601 Overland Avenue

Commercial Property for sale in Los Angeles, CA

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