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2131 Long Beach Ave

1,274 SF 100% Leased Flex Building Los Angeles, CA 90058 $70,000 ($55/SF)

Executive Summary

Building burned down in 2023 and was demolished, now a vacant lot. Public records to be updated. See attached guideline document for full instruction. Seller Information: the Estate of Micheal Meraz; note: that is the correct spelling of the 1st name; Probate Case: 24STPB00578; Los Angeles County; Forms: Vacant Land Purchase Agreement and Joint Escrow Instructions (CAR Form VLPA Revised 7/24); 3D(1) Minimum EMD 3%; 3D(02); check and input Deposit raised by 7% after Buyer's contingencies completed (so we can request court confirmation); 4A Property Addenda; check and include Probate Purchase Agreement Purchase Addendum (C.A.R. Form PA-PA; 4B Other Addenda; check and include Court Confirmation Addendum (C.A.R. Form CCA); 4C Buyer and Seller Advisors; check and include Probate Advisory (C.A.R. Form PA); Submit a verification of funds and preapproval letter, if applicable; Property is sold in "as is" condition, with no repairs or cash credits; Counter offers and/or any response to your offer submitted is not guaranteed. With numerous properties for sale, and the usual onslaught of lowball offers, the Seller will only respond to those offers that appear to be likely to result in a contract; The Seller will deliver the property vacant or occupied as per the listing details but to be confirmed in the purchase contract, and the Buyer to check status before court confirmation to confirm and take responsibility; Seller prefers no nominees or assignees. Signatures from all Buyers planning to be on title must be on the original purchase agreement; Close of escrow shall occur within 10 days after receipt of court order confirming sale; The sale is contingent upon court confirmation; The Buyer will be responsible for repairs (if any) and the removal of all items that is left behind in the property, including they yard and garage; The Seller will pay for a natural hazard zone disclosure report; The Buyer Will pay for a smoke detector installation, water heater bracing, and/or any cost of compliance with any other minimum mandatory government retrofit standards, inspections, and report, if required by law; The Buyer and Seller will pay for their own escrow fees. The Escrow will be the Seller's choice; Seller will pay for an owner's title policy issued by the company of Seller's choice; Seller to pay county transfer tax or fee and city transfer tax or fee; Buyer will waive a Home Warranty or purchase at their own expense; Please submit an offer to Bill Gross's Office via: a. bill@TheLAProbateExpert.com; b. Hand-delivery/messenger to EXP Realty of California Inc., 8383 Wilshire Blvd. #800, Beverly Hills, CA 90211. If hand delivered, confirm delivery via text and/or email.

Data Room Click Here to Access

Property Facts Under Contract

Price $70,000
Price Per SF $55
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Light Manufacturing
  • Flex Research & Development
Building Class C
Lot Size 0.05 AC
Rentable Building Area 1,274 SF
No. Stories 1
Year Built 1961
Parking Ratio 2.35/1,000 SF
Clear Ceiling Height 14 FT
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes

Amenities

  • Fenced Lot

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5118-024-016
Land Assessment
$58,304
Improvements Assessment
$41,638
Total Assessment
$99,942

zoning

Zoning Code LAM1 (Limited Manufacturing)
LAM1 (Limited Manufacturing)
  • Listing ID: 32884294

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 2131 Long Beach Ave, Los Angeles, CA 90058

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