Nordine Commercial - REO Broker LA

7915 Eastern Avenue, Bell Gardens

Lender owned. Borrower owed 196K. 462 sq. ft. building with kitchen, bath, 3 offices on gated 30 x 105 street to alley lot. Built 1941.
Fixer, priced for land value. Good exposure on Bell Gardens 1 major commercial street. Zoned BGCM: commercial/manufacturing.
Verify with city what can be built. Sorry, it’s currently a mess. Trash will be removed later this week. Cash offers please, or OWC 1st
TD w/ 25% down, 6.75% fixed for 3 years, then adjusts up. OWC with zero down if buyer has cross (collateral) property with 35%
remaining equity, buyer to pay for appraisal, and subject to investor approval.

Baths: 1.0   SQFT: 462   Lot Size: 3218   Thomas Guide: 705-G2   

13910 Wilmington Avenue, Compton

Bank owned. Sold for 400K in 2004, assessed @ 443K. An entire block for sale, fronts Wilmington Ave, 139th St, Cressey St, and Kemp Ave. 10 tied parcels, 24,324 sq. ft. Flat as a pancake. Zoned COCL. Verify usage with City of Compton planning dept. Borrower planned to build senior housing (can definitely build commercial; residential will require conditional use permit).

SQFT: 3316   Lot Size: 24324   Thomas Guide: 734-G3   

5965 S. Figueroa Street, Los Angeles

Major fixer with major upside: West of the 110, 3 minutes south of the Coliseum and USC.6210 sq. ft. retail building with high ceilings on 51.37 x 135.4 C2 corner lot. 5 spacious units, all vacant, with billboard sign. Building has been vacant for years and needs everything. Priced at land value.

# Units: 1   SQFT: 6210   Lot Size: 7008   Thomas Guide: 674-B6   

3859 N. Broadway, Montecito Heights / Los Angeles

Lender owned. Assessed at 66K. Borrower paid 15K waaaayyyy back in '91 during the last real estate meltdown. 50x146 R1 lot in Montecito Heights. Pretty steep upslope, wide paned street with curbs, sidewalks & streetlights. Apparently there was a house here before: there's a curb cut and an old stairway going up the hill. Easy to find: on N. side of Broadway, 150' W. of SFR at 3879 N. Broadway. Call for plot map.

Lot Size: 7321   Thomas Guide: 635-C1