Defaulted Vacant Duplex Located in Mount Washington Ca with Architectural Plans for ADU and New Front Addition
Major Cross Streets Figueroa and Avenue 50

Current 3 Beds and 2 Baths - 2107 SF on 13939 SF Lot - Built 1923
Current owner was starting plans to add a new 2 story ADU to the rear of the property and construct a new 3 story 2 unit apartment with parking in the front of the property adding a total of three additional units.
Not entitled at this time and must be verified with City of LA

Original Loan Amount $1,120,000
Interest Rate 9.50%
NOD Filed 8/2023
Comps in Area at $1,450,000
CURRENT UNPAID BALANCE

LOOKING FOR SERIOUS OFFERS
OWNER WILLING TO DO A DEED IN LIEU AT NOTE CLOSING
If interested email or call. Buyer to pay commissions
and negotiated at time of offer.