1905 W 48Th St Los Angeles, CA 90062

Agent Remarks: The subject property consists of a two-story wood frame class D mixed-use building configured into 4 commercial spaces on the ground floor and two apartments on the second level. New roof in 2018. The property is a Los Angeles commercial zoned property located on the busy 48TH Street, just south of Vernon Avenue and West of Western Avenue. Excellent location! This zoned commercial building is ideal for commercial / office /and residential. A truly mixed-use building. The successfully Buyer may continue the present use or desire to redevelop the property subject to appropriate City of Los Angeles approvals. Buyer to rely solely on Buyer's independent investigations. Drive by only! Do not disturb occupants! Property is sold in "As-Is" condition. Upon an accepted offer, Buyer shall have the right to inspect the property at Buyer's expense and rely solely on Buyer's inspections and investigations. Property is sold for All Cash, or terms and conditions acceptable to Seller. Seller shall select services, including escrow, title services, and pest control services if applicable. Please contact listing agents for more information. ALL TENANTS ARE MONTH TO MONTH! 1031 EXCHANGE: Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer's cooperation in such an exchange and agrees to hold Buyer harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.

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