$2,125,765 EMV

20 Beds   40 Baths   13,842 Sq. Ft.   Commercial
Get the Preforeclosure Address

Lexington Ave
Los Angeles, CA 90038

Overview

This Commercial Preforeclosure is located at Lexington Ave, Los Angeles, CA 90038. It has 20 Beds, 40 Baths , 13,842 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $2,125,765
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Status: Inactive
Listing ID: 57814899

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Property Information

  • Bedrooms: 20
  • Bathrooms: 40
  • Living Area Size: 13,842
  • Lot Size: 0.17 acres
  • Year Built: 1926
  • Source ID: 28410213
  • Day(s) On Site: 115
  • Parcel Number: 5536-007-005
  • Property Type: Commercial
  • Plaintiff: Pacific Premier Bank
  • Defendant Name: 5616 LEXINGTON AVE LLC
  • Recording Date: 04-18-2022
  • Trustee Name: CHICAGO TITLE COMPANY
  • Trustee Address: 1101 Investment Blvd
  • Trustee City: Folsom
  • Trustee State: CA
  • Trustee Zip: 95762
  • Trustee Phone: (916) 636-0114
  • Trustee Reference Number: 22-00139-2CTT
  • Deed Category: NOD
  • Document Number: 202200422499
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Potential Home Value

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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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    Loan Information

  • 1st Mortgage Date: 03-10-2021

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Rental Value

The estimated rental value for Lexington Ave located in Los Angeles, CA is $3,150/month. Comparable homes around Lexington Ave that are rentals have monthly ranges starting as low as $2,680 per month and as high as $3,620 per month. An owner looking to use this property as an investment could bring a return in the area of $2,680 - $3,620 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
08/09/22   Preforeclosure
foreclosure.com

Lexington Ave
Los Angeles, CA 90038

20 Beds   40 Baths   13,842 sq. ft.   Commercial

$2,125,765 EMV

Status: Inactive Listing ID: 57814899

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Lexington-Ave-Los-Angeles-CA-90038/57814899_lid

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