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TRUST SALE – UNIVERSAL CITY ADJACENT

Studio City, CA 91604

Property Type: Commercial

Property Description

TRUST SALE  –  UNIVERSAL CITY ADJACENT

BY ODER OF SUPERIOR COURT

2 STORY COMMERCIAL BUILDING ON THE BOULEVARD

10944 VENTURA BOULEVARD  –  STUDIO CITY

BROCHURE #322

LOCATION:    10944 VENTURA BOULEVARD, STUDIO CITY, CA 91604  APN 2378-007-006

DIRECTIONS:    THOMAS GUIDE (L.A. COUNTY) P. 563, A-6. WEST OF HOLLYWOOD FREEWAY, EAST OF VINELAND AVENUE. SHOW ME A MAP

DESCRIPTION:    LOCATION! LOCATION! LOCATION! 2 STORY COMMERCIAL BUILDING WITH PARKING ADJACENT TO UNIVERSAL CITY AND HOLLYWOOD FREEWAY. THE 6,644± SQ. FT. BUILDING CURRENTLY BEING USED AS A DANCE STUDIO & RESIDENCE OFFERS A UNIQUE OPPORTUNITY FOR INVESTORS WITH CREATIVE IDEAS. THE GROUND FLOOR INCLUDES SEVERAL OFFICES, DANCE STUDIO, KITCHEN & 2 BATHROOMS. THE UPPER FLOOR HAS MULTIPLE ROOMS & 3 BATHROOMS. MULTIPLE WATER HEATERS (1 TANK LESS). REAR FREE STANDING 1 BEDROOM UNIT WITH KITCHEN & LIVING ROOM. PARKING IN REAR. 2 GAS & 2 ELECTRIC METERS. ROOF DAMAGE. BUYER TO COOPERATE IN 1031 TAX EXCHANGE AT NO COST TO BUYER AND IS NOT A CONTINGENCY TO THE SALE. PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTURB OCCUPANTS. PROPERTY WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. GREAT INVESTMENT OPPORTUNITY.

LOT SIZE:    6,247± SQ. FT.

ZONED:    LA C2          SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:    PROPOSITION 13

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 AND SUBJECT TO COURT CONFIRMATION.

ESCROW PERIOD :    90 DAYS OR SOONER

DEPOSIT:    $25,000 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 (800) 755-4896.