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PROBATE SALE – LARCHMONT VILLAGE/HANCOCK PARK AREA

LOS ANGELES, CA 90004

Property Type: Single Family Home

Property Description

PROBATE SALE

BY ORDER OF SUPERIOR COURT

LARCHMONT VILLAGE/HANCOCK PARK AREA

3 BEDROOM, 1¾ BATH HOME

BROCHURE #629

LOCATION:   543 N. IRVING BLVD., LOS ANGELES, CA 90004 APN 5523-030-031

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 593, G-7. SOUTH OF MELROSE. WEST OF N. VAN NESS AVENUE. SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY A 3 BEDROOM, 1¾ BATH SPANISH STYLE HOME IN THE HIGHLY DESIRABLE AREA OF LARCHMONT VILLAGE/HANCOCK PARK. THE HOME FEATURES A LIVING ROOM WITH FIREPLACE, DINING ROOM AND KITCHEN WITH BREAKFAST NOOK. SERVICE PORCH WITH WASHING MACHINE HOOKUP. BACK 2 BEDROOMS OF HOME PLUS ENCLOSED PORCH WITH WASHING MACHINE HOOKUP AND ¾ BATH CURRENTLY RENTED FOR $750 A MONTH. ENCLOSED PORCH AND BACK 2 BEDROOM CONVERSION NOT PERMITTED. ¾ BATH MIGHT NOT BE PERMITTED. BUYERS TO VERIFY ALL PERMITS. CURRENT RENT AND TENANCY ARE SUBJECT TO DECEDENT’S WILL DATED AUGUST 3, 2011. COPY OF WILL AVAILABLE UPON REQUEST. DUE TO DWELLING CONVERSION, PROPERTY POSSIBLY FALLS UNDER L.A. CITY RENT CONTROL ORDINANCES. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR CURRENT RENT CONTROL ORDINANCES AND RELOCATION FEE STRUCTURES. PROPERTY BEING SOLD SUBJECT TO EXISTING OCCUPNACY. 2 CAR DETACHED CONVERTED GARAGE WITH FULL BATH (GARAGE CONVERSION AND BATHROOM NOT PERMITTED). BACK PATIO. GREAT LOCATION. CLOSE TO LARCHMONT BOULEVARD, SCHOOLS, SHOPPING AND RESTAURANTS. PERSONAL PROPERTY NOT INCLUDED IN SALE.

LOT SIZE:   4,479± SQ. FT.

ZONED:   LAR1     SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF SUSAN WONG

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.