801 N Hazard, Los Angeles, CA 90063

Description

EXCELLENT INVESTMENT WITH GREAT POTENTIAL! The property consists of two buildings. The front building is a detached, two-story structure (Unit #801) that has undergone a beautiful, complete interior renovation. The second floor offers a lovely view and is move-in or rent-ready. The rear building lacks the necessary legal permits and is not currently suitable for rental. The Department of Regional Planning has APPROVED plans to convert the ground-floor unit into an Accessory Dwelling Unit (ADU) and the upper-floor unit into a single-family residence, providing a solid foundation for future improvements. Bring your vision and explore the potential of this unique investment opportunity! The rear patio cover must be demolished; this is covered under a separate permit.
The property is being sold in its current condition ("AS IS"). Offers must be free of contingencies. The buyer is responsible for conducting their own due diligence with the Los Angeles County Department of Regional Planning and the Department of Public Works (Building and Safety Division)—as well as any other relevant agencies—to verify property information; the buyer will assume responsibility for regularizing all permits. The buyer will be able to make use of them at the close of Escrow. This is a PROBATE SALE and is subject to court approval. Additionally, there are active video security cameras installed throughout the property; these are not included in the sale. Please do not disturb the tenant.