•Bankruptcy sale: June 24, 2026 • 2-story office building with passenger elevator • Existing use is Hyundae Health Center Korean Spa (delivered vacant at close of escrow) • Includes gated parking lot for ±70 vehicles • Heavy traffic signalized corner location: 25,176 vehicles per day (2025) • Prime Koreatown location one block west of Normandie Avenue and one block north of Wilshire Boulevard • Easy access to the Hollywood (101), Santa Monica (I-10) and Harbor (110) Freeways • Located in a Designated Qualified Opportunity Zone (tax benefits)
• Zoned LA C2-1
• TOC: Tier 4
Interested parties can overbid via Zoom in Bankruptcy Court at 10:00 a.m. on 6/24/26. Any initial bid must be no less than $7,000,000 with increments thereafter of no less than $10,000. Any overbidders must be pre-qualified by Trustee in his sole discretion. At least 3 business days prior to the hearing, overbidders must deliver:
1. Cashier’s check in amount of $208,500 payable to Jason M. Rund, Chapter 7 Trustee;
2. Evidence of ability to close escrow unconditionally (e.g., current bank statement, unconditional loan commitment) acceptable to Trustee in Trustee’s sole discretion;
3. Execute an affirmation of your agreement to be bound by each of the terms of the current Purchase Agreement and waive all contingencies.
You must contact the listing agent for a copy of the Affirmation Agreement and Chapter 7 Trustee’s Motion for Entry of Order Approving Sale of Real Property.