Karen DeGasperis REALTOR

OFF MARKET Distressed Assets

Your Inside Track to Bank-Direct Deals and Properties.

Sign Up
Available for Principals Only. Contact for more details.
Menu

Portfolios of single family homes, development opportunities, multifamily, healthcare, apartment buildings, commercial including shopping centers and offices, notes, REOs. 

To obtain financials and more details, Proof of Funds (POF), Letter of Interest (LOI) and NDA will be required.

OFF MARKET Distressed Notes - View All

← Go back

Photo
Property TypeMultifamily (2-4)
LocationLos Angeles, California
Title2 Defaulted Residential Properties in the Southland with Owner Willing to Walk Away LOOKING FOR YEAR END CLOSE
Summary

PROPERTY A
Defaulted Vacant Duplex Located in Mount Washington
Major Cross Streets Figueroa and Avenue 50

PROPERTY B
Defaulted Vacant Newly Renovated Single Family Home with Pool
Located in the East San Gabriel Valley in Claremont

Details

PROPERTY A
3 Beds and 2 Baths - 2107 SF on 13939 SF (.32 Acre) Lot - Built 1923

PROPERTY B
3 Beds and 2 Baths - 1911 SF Home on 10092 SF Lot - Built 1964

Note Details

PROPERTY A
Original Loan Amount $1,120,000
Interest Rate 9.50%
NOD Filed 8/2023
Comps in Area at $1,350,000
Current Unpaid Balance $1,272,426
Below $300k in market value
ASKING PRICE NOW $1,050,000
$300,000 in Equity

PROPERTY B
Original Loan Amount $1,000,000
Interest Rate 9.625%
Trustee Sale Filed 10/2/2024
Comps in Area at $1,275,000
Current Unpaid Balance $1,129,000
Below $290K in market value
ASKING PRICE NOW $982,500

Current Unpaid Balance$2,401,426.00
Asking Price$2,032,500.00
Date UpdatedJune 7, 2025