THE SALE IS SUBJECT TO BANKRUPTCY COURT APPROVAL AND OVERBID. This two-story office building, currently operating as the Hyundae Health Center Korean Spa, is being offered as a bankruptcy sale and presents a unique value-add opportunity in the heart of Koreatown. The property features a passenger elevator and a… Read More gated parking lot accommodating approximately 70 vehicles. Ideally situated on a high-visibility, signalized corner with traffic counts of 25,176 vehicles per day (2025), the site is located one block west of Normandie Avenue and one block north of Wilshire Boulevard, providing excellent access to the 101, I-10, and 110 freeways. Zoned LAC2-1 and designated as TOC Tier 4, the property offers strong redevelopment potential and is located within a Qualified Opportunity Zone, providing potential tax advantages. The sale is subject to bankruptcy court approval and overbid, and the property will be sold "as-is." PROPERTY SHALL BE DELIVERED VACANT AT CLOSE OF ESCROW. Read Less
Property listed by Coldwell Banker Realty, Bill Friedman 310-820-6651
Listing Snapshot
Days Online
10
Last Updated
Square Ft.
26,885
Lot Size
0.77 Acres
Year Built
1955
MLS Number
26673971
Additional Details
Building
Built in 1955
Home Owner's Association
Association Fee: $0
Lot
0.7745 acres
Parking
70 total parking spaces
Taxes
Parcel Number: 5502017021, Zoning: LAC2
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