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PROBATE SALE – WEST HOLLYWOOD ADJACENT

LOS ANGELES, CA 90038

Property Type: Multi-Unit

Property Description

PROBATE SALE

WEST HOLLYWOOD ADJACENT

HOUSE + 2 UNITS – FIXER

BROCHURE #546

NO COURT CONFIRMATION

LOCATION:   836-838 N. MCCADDEN PLACE, LOS ANGELES, CA 90038 APN 5524-005-021

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 593, E-6. NORTH OF MELROSE. 1 BLOCK EAST OF HIGHLAND AVENUE.  SHOW ME A MAP

DESCRIPTION:   UNBELIEVABLE OPPORTUNITY TO FIX AND BRING THE CHARM BACK INTO A SPANISH, 1920’S HOUSE PLUS 2 UNITS IN ONE OF THE MOST SOUGHT AFTER COMMUNITIES OF SOUTHERN CALIFORNIA. SITTING JUST EAST OF WEST HOLLYWOOD AND NORTH OF HANCOCK PARK THE 2 BEDROOM, 1 BATH SPANISH INSPIRED FRONT HOUSE FEATURES A LIVING ROOM WITH FIREPLACE, DINING ROOM AND KITCHEN. SITTING ON THE BACK OF THE LOT IS A SEPARATE BUILDING WHICH CONTAINS A STUDIO UNIT AND (2) 1 CAR GARAGES DOWN AND (1) 2 BEDROOM, 1 BATH UNIT UP. SEPARATE GAS AND ELECTRIC METERS. STAIRS TO UPPER UNIT ARE NOT SAFE. DO NOT WALK ON STAIRS. GREAT FIXER OPPORTUNITY. CLOSE TO MELROSE AVENUE, SHOPPING AND HOLLYWOOD. OWNER PASSED AWAY IN THE PROPERTY. NO COURT CONFIRMATION.

LOT SIZE:   7,249± SQ. FT.

ZONED:   LARD 1.5  SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF PROKOPOWITSCH

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.

ESCROW PERIOD:   45 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 (818) 501-4888.