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TRUST SALE – NORWALK

NORWALK, CA 90650

Property Type: Commercial

Property Description

TRUST SALE

BY ORDER OF SUPERIOR COURT

NORWALK

RESTAURANT WITH 2 ADDITIONAL BUILDINGS

BROCHURE #728

LOCATION:   13226 ROSECRANS AVENUE, NORWALK, CA 90650 APN 8070-020-038

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 737, B-3. EAST OF 5 FREEWAY. CORNER OF ROSECRANS AVENUE & PONTLAVOY AVENUE.  SHOW ME A MAP

DESCRIPTION:   COMMERCIAL CORNER PROPERTY ON HIGH TRAFFIC ROSECRANS AVENUE IN THE CITY OF NORWALK, CALIFORNIA. THREE BUILDINGS.
1. RESTAURANT WITH KITCHEN, WALK IN REFRIGERATOR AND BATHROOM.
2. STORAGE BUILDING WITH WALK IN REFRIGERATOR & BATHROOM (PARTIALLY FIRE DAMAGED).
3. STORAGE BUILDING WITH WALK IN FREEZER, 2 OFFICES (NOT PERMITTED) & 2 BATHROOMS.
4. COVERED OUTDOOR STORAGE AREA (NOT PERMITTED).
APPROXIMATELY 35± PARKING SPACES. THE PROPERTY IS LEASED TO ONE TENANT (COPY OF LEASE AVAILABLE UPON REQUEST). TENANT PAYS ALL EXPENSES. CURRENT MONTHLY RENT IS $5,000. TENANT HAS 30 DAY RIGHT OF FIRST REFUSAL TO PURCHASE THE PROPERTY. GREAT COMMERCIAL INVESTMENT OPPORTUNITY. PERSONAL PROPERTY NOT INCLUDED IN SALE.

INCOME:   $5,000. PER MONTH

LOT SIZE:   19.072± SQ. FT.

ZONED:   NO CIP*     SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

CERVANTES 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 AND SUBJECT TO COURT CONFIRMATION.

ESCROW PERIOD:   10 DAYS AFTER RECEIPT OF CERTIFIED COURT ORDER CONFIRMING SALE.

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.