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TRUST SALE – VALLEY VILLAGE AREA

VALLEY VILLAGE, CA 91607

Property Type: Multi-Unit

Property Description

TRUST SALE  –  FIXER

6 UNITS  –  VALLEY VILLAGE

BROCHURE #763

NO COURT CONFIRMATION

LOCATION:   12160 BURBANK BLVD. (VALLEY VILLAGE AREA), CITY OF LOS ANGELES, CA 91607  APN 2347-012-002

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 562, G-1. EAST OF COLDWATER CANYON, WEST OF LAUREL CANYON BLVD.  SHOW ME A MAP

DESCRIPTION:   6 UNIT APARTMENT BUILDING IN THE VALLEY VILLAGE AREA OF THE CITY OF LOS ANGELES. THERE ARE (4) 2 BEDROOM, 1 BATH UNITS & (2) 1 BEDROOM, 1 BATH UNITS. EACH UNIT FEATURES A LIVING ROOM, DINING AREA AND KITCHEN. WALL HEATER. WOOD FLOORS. 6 GARAGE SPACES (1 FOR EACH UNIT) OFF ALLEY. SEPARATE GAS & ELECTRIC METERS FOR EACH UNIT. COMMON LAUNDRY ROOM (WASHER & DRYER NOT OPERATIONAL)). MASTER WATER HEATER FOR THE BUILDING. OWNER PASSED AWAY IN LOWER 1 BEDROOM UNIT (12162 BURBANK BLVD.) LEASES PROVIDED BY TENANTS AVAILABLE UPON REQUEST. GREAT FIXER OPPORTUNITY OR DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR CURRENT BUILDING & ZONING REQUIREMENTS. PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTURB OCCUPANTS. CLOSE TO SCHOOLS, SHOPPING & HOLLYWOOD FREEWAY. CITY OF LOS ANGELES NOTICE TO COMPLY AVAILABLE UPON REQUEST. BUYER WILL BE RESPONSIBLE TO CORRECT ALL VIOLATIONS, AT BUYER’S EXPENSE, AFTER CLOSE OF ESCROW. NO COURT CONFIRMATION.

MONTHLY INCOME: 

 12160 BURBANK BLVD. (2 BED, 1 BATH)  $1,050.—
12160½ BURBANK BLVD. (2 BED, 1 BATH)  $875.—
12164 BURBANK BLVD. (2 BED, 1 BATH)  $1,050.—
12164½ BURBANK BLVD. (2 BED, 1 BATH)  $875.—
12162 BURBANK BLVD. (1 BED, 1 BATH)  VACANT
12162½ BURBANK BLVD. (1 BED, 1 BATH)  VACANT
ALL TENANTS ARE BELIEVED TO BE MONTH TO MONTH

LOT SIZE:   8,279± SQ. FT.

ZONED:   LA R2    SUBJECT TO GENERAL PLAN CONFIRMATION

TYRANGIEL TRUST

 TAXES:    PROPOSITION 13

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.