653 W Compton Boulevard

Description

Property is back on the market after being totally cleaned of all things that were on the site. The property is priced almost $65K less than original list price and $30K below recent appraisal. Seller wants it sold immediately. Best priced lot in the entire city. Rare opportunity to buy a vacant lot ready to develop. Fully fenced for security purposes. Perfect for storage uses immediately if the city allows it. Zoned CL for commercial purposes. Per the City Planning staff, the City will allow residential development in conjunction with a commercial development with a CUP. Check with the city or your architect for all details related thereto. Property is sold as is in its present state. Seller and broker make no representations whatsoever that should be relied upon. Lot size is estimated and based upon the Assessor's plat map. Buyer to conduct their own due diligence for all aspects of the property including, but not limited to, lot size, phase 2 or 3 studies, if desired. Trust owned and ready to sell immediately without any court confirmation. Alley and street access allow for more development opportunities. Bridge Loans, Inc. is ready to offer financing for purchase and/or construction financing. Zero to 30% down with cross-collateralization and 13% simple interest only payments for one year with no prepayment penalties. All loan terms are subject to credit approval. Contact Kevin Theodorea at (310) 365-3456 for all loan details and to get your best terms. Commercial vacant lot not subject to NAR settlement agreement. Full 3% to selling agent.

Listing information courtesy of: David Bond, David Bond 213-268-2663. *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.