4790 Academy Street, Los Angeles, CA 90032

Property Description

PROBATE Sale. Subject to Court confirmation and overbidding in Court. Great investment and redevelopment opportunity in East LA! One of the 2 duplexes and 8 parcels being sold together. For Sale AFTER 18 years in El Sereno neighborhood. This duplex offers 1,024 sq. ft. of living space on a 5,000 lot sq. ft. Upstairs unit 4790 is a 2-bed and 1-bath while downstairs unit 4792 is a 1 bed and 1 bath. Both units are currently vacant and will be delivered vacant at COE. Both units are separately metered for electricity and gas services. Property needs rehab and updating. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied. All 8 parcels (4791 Huntington Dr. N (Duplex), 4790 Academy St (Duplex), 6 Vacant Lands APNs 5213-003-007, 5213-003-008, 5213-003-009, 5213-003-017, 5213-003-018, 5213-003-020) are to be sold together to one buyer only and will be subject to Court overbidding as one unified sale. The total asking price for the eight parcels is $1,100,000. An Easement Deed for Ingress and Egress was recorded in September 2022, granting a driveway easement benefiting 4791 Huntington Dr. N over a portion of 4790 Academy St. Duplex at 4791 Huntington Dr. N is occupied by the beneficiary of the selling Trust. Seller to lease back subject property for 90-days after close of escrow at $2,000/mo. Just minutes away from Dodger Stadium, DTLA & Pasadena and with easy access to the 5, 10, 110 and 710 freeways. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.