GRAMERCY LOS ANGELES, CA 90062

Features

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Investor s Dream This duplex, boasting 2 units, each featuring 2 bedrooms and 1 bathroom, offers a total of 1948 sq ft of prime real estate. Built in 1907, this property stands proudly on a corner lot with a generous 6500 sq ft of space.nnZoned LA R2-1 Tier 2 TOC, this duplex provides a fantastic investment opportunity, allowing for potential growth and development. With a combination of historic charm and strategic location, this property is a promising venture for those looking to expand their real estate portfolio or generate steady rental income.nnThis is an exclusive listing period for purchase by owner-occupant buyers, select nonprofits, governmental entities, and other approved entities. All offers from these purchases should be submitted as pre-auction offers. n If a pre-auction offer was not accepted by the seller during the First Look period, the auction will begin for all bidders on 03/22/2024.