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TRUST SALE – MID WILSHIRE

LOS ANGELES, CA 90006

Property Type: Multi-Unit

Property Description

TRUST SALE – MID WILSHIRE

4 UNITS

BROCHURE #623

NO COURT CONFIRMATION

LOCATION:   1116-1118 ELDEN AVENUE, LOS ANGELES, CA 90006 APN 5076-012-003

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 634, B-4. NORTH OF PICO BLVD.. WEST OF HOOVER STREET.  SHOW ME A MAP

DESCRIPTION:   UNBELIEVABLE OPPORTUNITY TO BUY 4 VACANT UNITS WITH PARKING IN THE HIGHLY DESIRABLE AREA OF MID WILSHIRE, NEXT TO KOREATOWN. DOWNSTAIRS ARE (2) 1 BEDROOM, 1 BATH UNITS CONSISTING OF A LIVING ROOM, DINING AREA, KITCHEN AND SERVICE PORCH. UNIT 1118½ DOWNSTAIRS HAS ADDITIONAL FAMILY ROOM ATTACHED WITH FIREPLACE, ¾ BATH AND KITCHEN (¾ BATH & KITCHEN MAY NOT BE PERMITTED). UPSTAIRS (2) 1 BEDROOM, 1 BATH SPACIOUS UNITS CONSISTING OF A LIVING ROOM WITH DINING AREA, KITCHEN, FRONT PORCH AND SERVICE PORCH. BACKYARD. BACK ALLEY ACCESS WITH FOUR COVERED PARKING SPACES THAT HAVE GARAGE DOORS. SEPARATE GAS & ELECTRIC METERS FOR EACH UNIT. WHOLE BUILDING VACANT. BUYERS TO VERIFY ALL PERMITS. CLOSE TO KOREATOWN AND DOWNTOWN LOS ANGELES. GREAT CENTRAL LOCATION. NO COURT CONFIRMATION.

LOT SIZE:   8,401± SQ. FT.

ZONED:   LAR4   SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

FELDMANIS 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.

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.