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TRUST SALE – LOS ANGELES – MIXED USE PROPERTY – THURSDAY, NOVEMBER 9 @ 10:00 A.M.

TRUST SALE  –  LOS ANGELES

MIXED USE COMMERCIAL/RESIDENTIAL PROPERTY

THURSDAY, NOVEMBER 9 @ 10:00 A.M.

SALE AT SITE

BROCHURE #759

NO COURT CONFIRMATION

LOCATION:   2021 HOOPER AVENUE, LOS ANGELES, CA 90011  APN 5119-030-019

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 674, F-1. SOUTH OF WASHINGTON BLVD. EAST OF CENTRAL AVENUE. SHOW ME A MAP

DESCRIPTION:   2 STORY MIXED USE PROPERTY ON HIGH TRAFFIC HOOPER AVENUE. CLOSE TO DOWNTOWN LOS ANGELES, THE PROPERTY CONSISTS OF 2 GROUND FLOOR COMMERCIAL STORE FRONTS, EACH WITH ½ BATH & (2) 2 BEDROOM, 1 BATH UPPER FLOOR APARTMENTS. ATTACHED GARAGE CONVERTER TO BONUS ROOM WITH ½ BATH (CONVERSION DONE WITHOUT PERMIT). APPROXIMATELY 140’ FRONTAGE ON HOOPER AVENUE. 5 GATED PARKING SPACES ON SOUTH SIDE OF THE PARCEL. 1 SPACE PER APARTMENT INCLUDED IN THE RESIDENTIAL LEASES. RENTED OUTDOOR AREA ON NORTH SIDE OF PARCEL. BOTH APARTMENTS AND SALON HAVE SEPARATE GAS & ELECTRIC METERS. LEASES AVAILABLE UPON REQUEST. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR CURRENT BUILDING REQUIREMENTS & ZONING. GREAT INCOME PROPERTY. CLOSE TO DOWNTOWN LOS ANGELES, 10 FREEWAY AND PUBLIC TRANSPORTATION. DO NOT DISTURB OCCUPANTS. PERSONAL PROPERTY NOT INCLUDED IN SALE. NO COURT CONFIRMATION.

INCOME:
1477 E. 21ST STREET  –  $1,250. PER MONTH. MONTH TO MONTH TENANCY.
1479 E. 21ST STREET  –  $959. PER MONTH. MONTH TO MONTH TENANCY.
2021 HOOPER AVE. (SALON)  –  $1,030. PER MONTH. MONTH TO MONTH TENANCY.
2021½ HOOPER AVE. (VARIETY STORE)  –  $400. PER MONTH. MONTH TO MONTH TENANCY.
OUTDOOR LOT  –  $800. PER MONTH. MONTH TO MONTH TENANCY.
GROSS INCOME  –  $4,439. PER MONTH

MONTHLY OWNER EXPENSES:
(APROXIMATE)
WATER/SEWER  –  $150.
ELECTRICITY  –  $75. (2021½ HOOPER AVE. + BONUS ROOM)

LOT SIZE:   6,501± SQ. FT.

ZONED:   LA RD2      SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

OCEGUEDA 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:   $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.

INSPECTIONS:   THURSDAY, OCTOBER 26 & NOVEMBER 2 (11:00 A.M.-1:00 P.M.) & ½ HOUR BEFORE AUCTION.

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.

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