Nordine Commercial - REO Broker LA

Bank owned. Assessed @ 377K. Store + 2 bed SFR + 2 car garage + guesthouse on 60x140 lot. 2385 sq. ft. of building (not including guesthouse), 8340 sq. ft. of land. Zoned BFCG (commercial general). Long gated driveway (parking lot next door isn`t included), separate meters. 5% fixed SBA loans available w/ 10% down + OWC 1st TD w/ 30% down @ 7% fixed.

Lender owned. Sold for 346K in '05. 3 bed, 2 bath SFR fronting 99th St. + commercial building fronting 98th St. + 2 car garage fronting Success Ave. On 2 tied lots, 7664 sqft, 200' of street frontage. Quiet street, 2 blocks to Watkins Park (biggest in S. L.A.), 4 blocks to police substation, library & shopping.

Foreclosed. Take another look-seller installed new windows in the front!  No hold - instant response to all offers. 2 houses on completely gated 25x90 street to alley lot. Front unit is legally a store: 1 bed, 1/2 bath, no kitchen, 416 sq. ft., built 1947, vacant. Rear house: 1 bed, 1 bath, 560 sq. ft., built 1924, rented for $529/month. Rear house will not be delivered vacant. Good location across street from El Sereno Middle School and park.

Foreclosed. Sold for 631K in 2007. Totally remodeled FHA ready. Side by side duplex on elevated 50 x 135 street to alley R2 lot. Both spacious 2 beds, 936 sq. ft. each, 2 garages plus 4+ gated parking spaces, separate gas and electric meters, granite counters, new paint, carpet, floors, etc.

Occupied. Sold thru auction.

Bank owned. Borrower owed 200K, owned it 27 years. 1788 sq. ft., built 1920, 45x111 M1 lot. Right off Slauson & Main, 30 seconds to 110. 5909 (right storefront): barber shop, pays $1000/mo. 5911 (left storefront): was occupied by borrower, now vacant. Rear office (blue door, no address): print shop. Residential unit in back: single, still trying to get occupant info. Rear parking lot: rented to mechanic, $500/mo.

REO with instant response to offers - no hold, no wait. In county area S of the 105 - NO RENT CONTROL. Last sold for 330K in '04. Bright remodeled duplex, all vacant, on excellent quiet residential street, directly across from beautiful George Carver County Park: huge grass field with pine trees right in front, adjacent are baseball diamond, basketball and tennis courts, pool. Both units are 3 beds, 2 baths. 2 car detached garage and carport, 50 x 120 R2 lot, blockwall fenced. Remodeled kitchens and baths, hardwood floors, newer windows. ALL NEW: stainless appliances, paint, carpet, floors, garage doors, etc. no. FHA O.K. 1-3 blocks to elementary school, library and Magic Johnson park. 1 minute to 105 freeway.