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CONSERVATORSHIP SALE – 1258 S. WOODS AVE, L.A.

Los Angeles, CA 90022

Property Type: Multi-Family Home

Property Description

CONSERVATORSHIP SALE

BY ORDER OF SUPERIOR COURT

(6) 1 BEDROOM, 1 BATH UNITS  –  L.A. COUNTY

1258 S. WOODS AVENUE

BROCHURE #335

LOCATION:    1258 S. WOODS AVENUE, LOS ANGELES, CA 90022  APN 5245-013-015

DIRECTIONS:     THOMAS GUIDE (L.A. COUNTY) P. 675, G-2. EAST OF 5 FREEWAY, CLOSE TO ATLANTIC BLVD. & OLYMPIC BLVD.    SHOW ME A MAP

DESCRIPTION:    (6) 1 BEDROOM, 1 BATH UNITS. EACH UNIT HAS A LIVING ROOM, KITCHEN & SERVICE AREA. SEPARATE GAS & ELECTRIC METERS FOR EACH UNIT. (6) 1 CAR GARAGES WITH REAR ALLEY ACCESS. LOCATED IN L.A. COUNTY (NOT L.A. CITY). GOOD INVESTMENT OPPORTUNITY. PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTRUB OCCUPANTS.

INCOME:                  

FRONT BUILDING
LOWER UNIT  –  1260 S. WOODS AVENUE  –  FAMILY MEMBER  –  NO RENT
LOWER UNIT  –  1260½ S. WOODS AVENUE  –  $775 PER MONTH
UPPER UNIT  –  1262 S. WOODS AVENUE  –  $825 PER MONTH
UPPER UNIT  –  1262½ S. WOODS AVENUE  –  $775 PER MONTH
REAR BUILDING
1258 S. WOODS AVENUE  –  $675 PER MONTH
1258½ S. WOODS AVENUE  – FAMILY MEMBER  –  NO RENT

ALL UNITS RENTED MONTH TO MONTH

LOT SIZE:    5,463± SQ. FT.

ZONED:    LCR4 YY              SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:    PROPOSITION 13

CONSERVATORSHIP OF MICHAEL D. GALLEGO

TERMS:    CASH. BUYER TO OBTAIN OWN FINANCING. FINANCING IS NOT A CONTINGENCY TO THIS SALE. PROPERTY SOLD IN “AS IS” CONDITION WITH NO CONTINGENCIES WHATSOEVER. PROPERTY SOLD SUBJECT TO ACCEPTANCE OR REJECTION BY THE CONSERVATOR AND SUBJECT TO COURT CONFIRMATION.

ESCROW PERIOD:    10 DAYS OR SOONER AFTER COURT CONFIRMATION.

DEPOSIT:    $10,000 CASH OR CASHIER’S CHECK REQUIRED TO BID. BALANCE OF 10% DEPOSIT BY PERSONAL CHECK. CASHIER’S CHECK SHOULD BE MADE PAYABLE TO FLANS & WEINER, INC.. IN THE EVENT YOUR BID IS REJECTED, DEPOSIT WILL BE REFUNDED WITHOUT INTEREST.

TITLE:    SELLER TO PROVIDE STANDARD TITLE POLICY.

PLEASE CALL FLANS & WEINER, INC. IF YOU HAVE ANY QUESTIONS REGARDING THIS PROPERTY OR THE AUCTION PROCESS (818) 501-4888.