726 Columbia Ave, Los Angeles, CA, 90017

This gated duplex is an investor dream in the heart of DTLA with tons of potential. Perfect to live in one unit and rent out the other! Lots of similar remodels and new builds nearby. Walking distance to the Figat7th Mall, LA Live, Staples Center, the Convention Center and all the eateries downtown has to offer! Interior condition and tenant status is unknown as the home is currently occupied so buyers must be willing/able to close while occupied and without an interior inspection. This property is owned by Southside Neighborhood Stabilization and was purchased at foreclosure post auction bid pursuant to SB 1079. SB 1079 was put in place to promote homeownership and therefore priority for offers are given to owner occupant buyers. Buyers must provide a notarized affidavit that the agent will supply that states they intend to live in the property. Secondary priority will be given to investors who sign an affidavit stating they plan to rehab and sell the property to an owner occupant. Third priority is to investors who sign an affidavit stating they intend to rehab the property and provide affordable housing.