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TRUST SALE – LOS ANGELES

LOS ANGELES, CA 90019

Property Type: Multi-Unit

Property Description

TRUST SALE

BY ORDER OF SUPERIOR COURT

1613 5TH AVENUE – LOS ANGELES

4 UNITS – MID CITY

BROCHURE #445

LOCATION:   1613 5TH AVENUE, LOS ANGELES, CA 90019 APN 5072-020-002

DIRECTIONS:   THOMAS GUIDE (LOS ANGELES COUNTY) P. 633, G-5. SOUTH OF VENICE BLVD. BETWEEN CRENSHAW BLVD. AND ARLINGTON AVENUE.  SHOW ME A MAP

DESCRIPTION:   TRADITIONAL 2 STORY, 4 UNIT APARTMENT BUILDING IN THE VERY DESIRABLE MID CITY AREA OF LOS ANGELES. EACH UNIT HAS A LIVING ROOM, DINING AREA, 2 BEDROOMS AND 1 BATH (UNIT 1615 HAS (1) ¾ & (1) ½ BATH). UPDATED KITCHENS AND BATHS. WOOD FLOORS. THERE ARE 4 GARAGES & A STORAGE ROOM AT THE REAR OF THE PROPERTY, DETACHED FROM THE UNITS. SEPARATE GAS & ELECTRIC METERS FOR EACH UNIT. WASHER/DRYER HOOKUPS IN EACH UNIT. PERSONAL PROPERTY NOT INLCUDED IN SALE. DO NOT DISTURB OCCUPANTS. GREAT INVESTMENT OPPORTUNITY. CENTRALLY LOCATED. CLOSE TO SCHOOLS, SHOPPING & 10 FREEWAY.

INCOME:  
1613    $1,450 PER MONTH. LEASE EXPIRES 8/31/15.
1613½ $1,400 PER MONTH. MONTH TO MONTH. MOVED IN 3/1/13.
1615    $1,400 PER MONTH. MONTH TO MONTH. MOVED IN 1/1/13.
1615½ $1,450 PER MONTH. MONTH TO MONTH. MOVED IN 5/15/12.

LOT SIZE:   7,507± SQ. FT.

ZONED:   LA C2   SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

BROWN 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 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.