1233 Fedora St Los Angeles, CA 90006

*** BANKRUPTCY COURT SALE - EQUITY SALE (NOT AN REO, NOT BANK OWNED, AND NOT A SHORT SALE) ***Court date is 04/02/24, at 11am CTRM: 1545, 255 E. Temple St.Los Angeles,CA 90012, and subject to overbid. First overbid is $10,000 over our accepted offer of $1,150,000, i.e. $1,160,000. Must receive cashiers check 2 days prior to auction in the amount of $116,000 made out to Wesley H Avery Chapter 7 Trustee. Please contact Brian for more details 626.340.8050. Bankruptcy court sale - equity sale (not short sale or bank owned REO). MLS info is current and updated immediately. Sale is contingent on trustee/bankruptcy court approvals/overbid procedures. Sale is 'as-is', where-is by bankruptcy trustee acting as seller. Presenting an exceptional opportunity to own a four-unit property nestled in the vibrant heart of K-town. Each unit boasts a spacious 1 bed/1 bath layout, spanning approximately 800 square feet each. The property features ample parking space for up to 6 cars in the rear area, providing convenience for residents. Strategically designed with 2 units upstairs and 2 units downstairs, this fixer-upper is situated just north of Pico and east of Normandie. Unlock its full potential by taking on the challenge of upgrades and touch-ups to bring it to market rents. The property will be delivered vacant, allowing for a seamless transition for new owners. Positioned in an area with a high percentage of renters, securing tenants once the units are ready shouldn't be a challenge. Enjoy the central location, with easy access to numerous dining options, grocery stores, and the esteemed Loyola High School. The proximity to the 10 freeway (less than a mile away) and being approximately 2 miles from Downtown LA further adds to the property's allure.