8611 Elm St, Los Angeles, CA 90002

Description

This property is now active in an online auction. All bids must be submitted during the auction period via the property's listing page. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval. Attention savvy investors! This triplex is centrally located in unincorporated LA County with convenient access to major highways and public transportation. A prime opportunity for savvy investor buyers looking to expand their portfolio. The property is sold as-is, fully occupied and sight-unseen with no interior access. Exact occupancy unknown. Drive by only. Do not disturb. Cash only. Tax records indicates 4BR/3BA; however, exact bedroom/bathroom count is unknown. The property is subject to California Civil Code Section 2429p (First Look program) for the first 30 days of marketing. Eligible owner-user bids will be considered within the first 30 days of marketing, all bids thereafter. Owner occupants are those buyers that will occupy the property as their principal residence within 60 days of close and will maintain their occupancy for at least 1 year. Buyer to sign an "Affidavit of Owner-Occupancy" with contract. An investor, trust, vacation or part-time residence, or purchasing for another person will be considered an investor and are not eligible for First Look. Investor bids are negotiated on day 31 of listing.