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OFF MARKET Distressed Notes - View All

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Photo
Property TypeRetail
LocationLos Angeles, California
TitleDefaulted Vacant Duplex Located in Mount Washington with Plans for ADU and New Addition with Deed in Lieu Available
Summary

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

Details

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

Note Details

Original Loan Amount $1,120,000
Interest Rate 9.50%
NOD Filed 8/2023
Comps in Area at $1,350,000

Current Unpaid Balance$1,272,426.00
Asking Price$1,050,000.00
Date UpdatedJune 13, 2025