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PROBATE SALE – 4 UNITS – LOS ANGELES

LOS ANGELES, CA 90003

Property Type: Multi-Unit

Property Description

PROBATE SALE  –  LOS ANGELES

BY ORDER OF SUPERIOR COURT

4 UNITS

BROCHURE #429

LOCATION:   123 E. 74TH STREET, LOS ANGELES, CA 90003  APN 6022-022-023 

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 704, D-1. NORTH OF MANCHESTER AVENUE. EAST OF 110 FREEWAY. WEST OF AVALON BLVD..  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY INCOME PROPERTY IN LOS ANGELES. (4) 1 BEDROOM, 1 BATH UNITS ALL CONSIST OF A DINING AREA, LIVING ROOM AND KITCHEN. SEPARATE ELECTRIC METERS AND GAS METERS FOR EACH UNIT. PROPERTY CURRENTLY HAS A NOTICE AND ORDER TO COMPLY FILED AGAINST IT BY LOS ANGELES HOUSING DEPARTMENT. COPY OF NOTICE AVAILABLE UPON REQUEST. (4) 1 CAR GARAGES WITH ROLLUP DOORS. DO NOT DISTURB OCCUPANTS. PERSONAL PROPERTY NOT INCLUDED IN SALE. OWNER PASSED AWAY IN THE PROPERTY.

INCOME:   123 E. 74TH STREET  –  $279 PER MONTH. MONTH TO MONTH.
                      123½ E. 74TH STREET  –  FAMILY MEMBERS. NO RENT OR LEASE.
                      125 E. 74TH  STREET  –  FAMILY MEMBERS. NO RENT OR LEASE.
                      127 E. 74TH STREET  –  VACANT

LOT SIZE:    7,793± SQ. FT.

ZONED:    LA R2      SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:    PROPOSITION 13

ESTATE OF JOSEPH V. WATERS

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 THIS PROPERTY OR THE AUCTION PROCESS (818) 501-4888.