Karen DeGasperis REALTOR

OFF MARKET Distressed Assets

Your Inside Track to Bank-Direct Deals and Properties.

Available for Principals Only. Contact for more details.

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.

Photo
Property TypeSingle Family
LocationLos Angeles, California
TitleDefaulted Luxury Single Family Home Construction Project in Desirable West Hollywood Neighborhood
Summary

Defaulted Modern Single Family Home Development in WEHO Cross Streets Beverly and Fairfax

Details

Project consists of the construction of a brand new three story luxury single family home in Prime West Hollywood quiet neighborhood and blocks to the Grove. Former home has been demolished land is graded and construction is only needed to complete.

FINISHED DETAILS
New home is set to be 5 Bedrooms and 5.5 Bathrooms,
3 stories and a total of 4456 SF on a 6605 SF Lot

Note Details

Original Loan Amount $3,851,000
Original Interest 10.49%
Default Rate 18%
Loan Matured May 1, 2024
NOD Ready to be Filed
Appraised Value after Completion $4,875,000
Plans Available for Viewing

Current Unpaid Balance$1,580,000.00
Asking Price$1,580,000.00
Date UpdatedDecember 9, 2024