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PROBATE SALE – BEVERLY HILLS

BEVERLY HILLS, CA 90212

Property Type: Multi-Unit

Property Description

PROBATE SALE – BEVERLY HILLS

BY ORDER OF SUPERIOR COURT

UNDIVIDED 50% INTEREST

(4) 3 BEDROOM, 2 BATH UNITS

BROCHURE #616

LOCATION:   137-139 S. BEDFORD DRIVE, BEVERLY HILLS, CA 90212 APN 4328-020-020

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 632, F-2. SOUTH OF WILSHIRE BLVD.. WEST OF S. BEVERLY DRIVE.  SHOW ME A MAP

DESCRIPTION:   UNBELIEVABLE OPPORTUNITY TO BUY AN UNDIVIDED 50% INTEREST IN A 4 UNIT APARTMENT BUILDING IN ONE OF THE MOST SOUGHT AFTER LOCATIONS IN BEVERLY HILLS. (4) 3 BEDROOM, 2 BATH UNITS EACH CONSISTING OF A LIVING ROOM WITH DINING AREA. KITCHEN WITH DISHWASHER. SERVICE AREA WITH SIDE BY SIDE WASHER/DRYER HOOKUPS. 4 SINGLE CAR PORTS IN REAR OF BUILDING OFF OF ALLEY. 1 CAR PORT SPACE PER UNIT. SEPARATE GAS AND ELECTRIC METERS FOR EACH UNIT. TENANTS PERSONAL PROPERTY NOT INCLUDED IN SALE. CLOSE TO SHOPPING, SCHOOLS, RESTAURANTS AND ENTERTAINMENT. DO NOT DISTURB OCCUPANTS.

INCOME:
UNIT #137     $3,350
UNIT #137½ $3,300

UNIT #139     $3,500
UNIT #139½ $3,900
ALL TENANTS MONTH TO MONTH. NO LEASE.
EXPIRED LEASES AVAILABLE UPON REQUEST.

EXPENSES:
APPROXIMATE ANNUAL EXPENSES FOR ENTIRE BUILDING.
EARTHQUAKE INSURANCE $8,017
FIRE/HOMEOWNER’S INSURANCE $5,536
FEMA FLOOD INSURANCE $655
BUSINESS TAX $921
PARKING PERMITS $280
UTILITIES B.H. (WATER, SEWER, TRASH) $16,800
ELECTRIC $840
GARDENER $3,120

LOT SIZE:   7,650± SQ. FT.

ZONED:   BHR4YY     SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF HELEN SIEGFUS

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:   $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.