501 Palisades Drive 308,Pacific Palisades,Los Angeles,Residential

Property Description

THIS IS A SENIOR AFFORDABLE HOUSING CONDO. BUYER MUST BE ELIGIBLE. RESTRICTIONS & MINIMUM REQUIREMENTS APPLY. Live in an amazing Mediterranean Senior Building with a beautiful garden courtyard. This is a 3rd floor condo facing the courtyard. Floor to ceiling sliding glass doors open to the balcony from the living room. This 1 bedroom and 1 bath condo is in original condition. There are designated tandem parking spaces, an elevator, and community laundry on every floor. BUILDING COVENANT RESTRICTIONS: 1. AGE 62+ | 2. PRICE $373,623.00 | 3. MAX GROSS INCOME= $94,230.21 LAST 3 YEARS | 4. ALL DATA MUST BE DOCUMENTED| 5. THE LAHD DETERMINES THE ELIGIBILITY OF BUYER PRIOR TO FINAL PURCHASE | 6. ONLY BUYER’S OWN FUNDS | THE FAMILY CAN CONTRIBUTE UP TO 20% OF THE PRICE | 7. CONVENTIONAL OR FHA FINANCING DOES NOT APPLY | 8. LOAN WITH APPROVED LENDER | 9. PLEASE DOWNLOAD PREQUAL QUESTIONNAIRE FROM MLS DOCS OR REQUEST BY EMAIL FROM LA2 | 10. SEND ALL DOCS TO LA2 FOR SELLER REVIEW OF BUYER ELIGIBILITY | 11. NO SCREENSHOTS, NO TEXT, NO CALLS, ONLY EMAIL TO LA 2 | 12. EMAIL ALL QUESTIONS TO LA 2.