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PROBATE SALE – LOS ANGELES

LOS ANGELES, CA 90044

Property Type: Select One

Property Description

PROBATE SALE

BY ORDER OF SUPERIOR COURT

2 BEDROOM, 1 BATH HOME – ZONED LARD2 – LOS ANGELES

BROCHURE #346

LOCATION:    8714 ORCHARD AVENUE, LOS ANGELES, CA 90044  APN 6038-016-021

DIRECTIONS:     THOMAS GUIDE (L.A. COUNTY) P. 704, B-3. WEST OF 110 FREEWAY. SOUTH OF MANCHESTER. EAST OF VERMONT AVENUE. SHOW ME A MAP

DESCRIPTION:      GREAT OPPORTUNITY TO BUY A 2 BEDROOM, 1 BATH FIXER HOME WITH DEN (POSSIBLE THIRD BEDROOM) ON A LARD2 LOT IN LOS ANGELES. THE HOUSE FEATURES A LIVING ROOM, DINING ROOM, KITCHEN, BACK SERVICE PORCH WITH SIDE BY SIDE WASHER/DRYER HOOKUP AND UTILITY SINK. BACKYARD. GREAT FIXER OPPORTUNITY. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR CURRENT BUILDING REQUIREMENTS. HOME IS CURRENTLY RENTED FOR $1,100 PER MONTH (MONTH TO MONTH). PROPERTY MANAGER CURRENTLY CONTRACTED TO MANAGE PROPERTY. PROPERTY MANAGER BEING PAID 10% PER MONTH. 10% ($110) PAID FROM GROSS RENT. MANAGEMENT CONTRACT IS MONTH TO MONTH STARTING 10/1/13.

INCOME:      $1,100 PER MONTH. MONTH TO MONTH.

LOT SIZE:        5,998± SQ. FT.

ZONED:    LARD2       SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:      PROPOSITION 13

ESTATE OF ROZALYN R. COOPER

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 ESTATE AND SUBJECT TO COURT      CONFIRMATION.

ESCROW PERIOD:   45 DAYS OR SOONER

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
THESE PROPERTIES OR THE AUCTION PROCESS (818) 501-4888.