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TRUST SALE – MIRACLE MILE

LOS ANGELES, CA 90019

Property Type: Multi-Unit

Property Description

TRUST SALE  –  MIRACLE MILE

4 UNITS  –  LOS ANGELES

 BROCHURE #350

 NO COURT CONFIRMATION

 ASKING $1,099,000.

LOCATION:   5255 EDGEWOOD PLACE, LOS ANGELES, 90019  APN 5084-014-012

DIRECTIONS:    THOMAS GUIDE (L.A.COUNTY) P. 633, D-4. SOUTH OF OLYMPIC BLVD. NORTH OF SAN VICENTE BLVD. WEST OF LA BREA AVENUE.

DESCRIPTION:   GREAT OPPORTUNITY TO BUY 4, EXTREMELY WELL MAINTAINED AND UPDATED UNITS IN THE MIRACLE MILE AREA OF LOS ANGELES. (1) 3 BEDROOM, 2 BATH UNIT WITH LIVING ROOM, DINING AREA, KITCHEN WITH RANGE, BUILT IN MICROWAVE AND DISHWASHER. HARDWOOD FLOORS, RECESSED LIGHTS, STACKED WASHER AND DRYER HOOKUP, MASTER BEDROOM WITH ON SUITE BATH. (1) 2 BEDROOM, 1 BATH UNIT WITH LIVING ROOM, DINING AREA & UPDATED KITCHEN WITH BREAKFAST BAR, RANGE AND DISHWASHER. RECESSED LIGHTS. HARDWOOD FLOORS AND STACKED WASHER & DRYER HOOKUP. (1) 1 BEDROOM, 1 BATH UNIT WITH LIVING ROOM, DINING ROOM AND UPDATED KITCHEN WITH RANGE AND DISHWASHER. (1) 1 BEDROOM, 1 BATH UNIT WITH LIVING ROOM AND UPDATED KITCHEN WITH RANGE . SEPARATE ELECTRIC METERS, GAS METERS AND WATER HEATERS FOR ALL UNITS. COIN LAUNDRY ROOM WITH WASHER/DRYER HOOKUP AND UTILITY SINK. GRASS BACKYARD. (2) 2 CAR DETACHED GARAGES WITH ELECTRIC DOORS. GREAT PRIDE OF OWNERSHIP BUILDING. CLOSE TO SCHOOLS, SHOPPING AND ENTERTAINMENT. NO COURT CONFIRMATION.

INCOME:   UNIT 1  –  1 BED, 1 BATH  –  $589. MONTH TO MONTH.
                         UNIT 2  –  1 BED, 1 BATH  –  VACANT
                         UNIT 3  –  2 BED, 1 BATH  –  $1,700. LEASE EXPIRES 2/28/14.
                         UNIT 4  –  3 BED, 2 BATH  –  $2,500. MONTH TO MONTH.

EXPENSES:   UTILITIES PAID BY OWNER
COMMON AREA ELECTRIC  –  APPROXIMATELY $85 EVERY OTHER MONTH
WATER  –  APPROXIMATELY $240 EVERY OTHER MONTH
SANITATION  –  APPROXIMATELY $120  EVERY OTHER MONTH
COMMON AREA GAS  –  APPROXIMATELY $10 PER MONTH
GARDENER  –  $300 PAID QUARTERLY

LOT SIZE:    6,665± SQ. FT.

ZONED:    LA R2    SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:    PROPOSITION 13

DOUGLAS TRUST

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 TRUSTEE.

ESCROW PERIOD:   45 DAYS OR SOONER

DEPOSIT:    CASHIER’S CHECK FOR 10% TO ACCOMPANY OFFER. CASHIER’S CHECK SHOULD BE MADE PAYABLE TO FLANS & WEINER, INC.

TITLE:    SELLER TO PROVIDE STANDARD TITLE POLICY.

PLEASE CALL FLANS & WEINER, INC. IF YOU HAVE ANY QUESTIONS REGARDING TIHS PROPERTY (818) 501-4888.