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PROBATE SALE – LOS ANGELES – DUPLEX

LOS ANGELES, CA 90061

Property Type: Multi-Unit

Property Description

   

PROBATE SALE  –  LOS ANGELES

 BY ORDER OF SUPERIOR COURT

 DUPLEX

 BROCHURE #415

LOCATION:   244-244½ E. 118TH PLACE, LOS ANGELES, CA 90061  APN 6083-024-005

DIRECTIONS:   THOMAS GUIDE (L.A.COUNTY) P. 704, D-7. SOUTH OF 105 FREEWAY. EAST OF 110 FREEWAY. WEST OF AVALON BLVD..  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY AN INCOME PRODUCING DUPLEX IN LOS ANGELES. THE FRONT 2 BEDROOM, 1 BATH HOUSE FEATURES A LIVING ROOM, KITCHEN AND BREAKFAST AREA. 1 BEDROOM, 1 BATH BACK HOUSE FEATURES A LIVING ROOM AND KITCHEN. ONE CAR CONVERTED DETACHED GARAGE IN BETWEEN THE FRONT AND BACK HOUSE (GARAGE CONVERSION MAY NOT BE PERMITTED. BUYER TO VERIFY). ADDITIONAL ONE CAR DETACHED GARAGE AT REAR OF PROPERTY. SMALL GRASS YARD. SEPARATE GAS AND ELECTRIC METERS FOR EACH UNIT. CLOSE TO SCHOLS AND FREEWAYS. PERSONAL PROPERTY NOT INCLUDED IN SALE.

INCOME:  
                    244 E. 118TH PLACE $950 PER MONTH (LEASE EXPIRES 9-30-15)
                    244½ E. 118TH PLACE $794 PER MONTH (SECTION 8).
                    SECTION 8 PAYS $587. TENANT PAYS $207.
                    COPY OF LEASES AVAILABLE UPON REQUEST 

LOT SIZE:   6260± SQ. FT.

ZONED:   LA R2      SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF BROWN

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:   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.