5812 E Olympic Blvd, Los Angeles, CA 90022

Lender owned. Last sold for 475K in 2014. 3540 sq. ft. building on 46 x 100 street to alley C3 lot. Originally house in front + warehouse in back. Currently 1 unit, 3 car garage + 3 gated spaces, kitchen, 3 baths. 2 minutes from confluence of 710 & 5. This property is the dividing line between a miles-long SFR tract to the east and north and the all-industrial City of Commerce to the west and south. Zillow predicts 7.1% appreciation here next year. OWC 1st TD: 20% down, 10% interest, 2 pts, for 2 years. (Enough time for buyer to rehab and refi.)