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PROBATE SALE – ECHO PARK

LOS ANGELES, CA 90026

Property Type: Multi-Unit

Property Description

PROBATE SALE

ECHO PARK – 2 ON A LOT

BROCHURE #636

NO COURT CONFIRMATION

LOCATION:   1355 PORTIA STREET, LOS ANGELES, CA 90026 APN 5406-001-002

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 594, E-7. NORTH OF SUNSET BLVD.. EAST OF GLENDALE BLVD.  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY 2 HOUSES ON A LOT IN THE ECHO PATK AREA OF LOS ANGELES. THE FRONT FIXER HOUSE (1355 PORTIA STREET) FEATURES 2 BEDROOMS, 2 BATHROOMS, LIVING ROOM, DINING AREA AND KITCHEN. BACK DETACHED UNIT (1355½ PORTIA STREET). OCCUPANTS LIVING IN BOTH UNITS. NO LEASES HAVE BEEN PROVIDED. PROPERTY CURRENTLY NOTICED AS SUBSTANDARD. COPY OF VIOLATIONS AVAILABLE UPON REQUEST. PROPERTY CURRENTLY IN REAP PROGRAM. SOLD SUBJECT TO EXISTING OCCUPANCY. IT WILL BE BUYER’S RESPONSIBILITY, AT BUYER’S EXPENSE TO CORRECT ALL VIOLATIONS AND COMPLY WITH REAP AFTER THE CLOSE OF ESCROW. PERSONAL PROPERTY NOT INCLUDED IN SALE. GREAT CENTRAL LOCATION. CLOSE TO SCHOOLS, SHOPPING AND DODGER STADIUM. DO NOT DISTURB OCCUPANTS. NO COURT CONFIRMATION.

LOT SIZE:   4,705± SQ, FT,

ZONED:   LARD2     SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF CATALINA M. CAMPOS

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:   $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.