TRUST SALE – FAIRFAX AREA – 4 UNIT BUILDING

TRUST SALE  –  FAIRFAX AREA

5/6TH PARTIAL INTEREST

4 UNIT BUILDING

BROCHURE #867

NO COURT CONFIRMATION

LOCATION:   414 N. OGDEN DRIVE, LOS ANGELES, CA 90036  APN 5527-028-016

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 593, B-7. SOUTH OF MELROSE AVENUE. EAST OF FAIRFAX AVENUE.  SHOW ME A MAP

DESCRIPTION:   PARTIAL INTEREST SALE (5/6TH INTEREST) IN A 4 UNIT APARTMENT BUILDING IN THE VERY DESIRABLE FAIRFAX AREA OF LOS ANGELES. EACH UPDATED UNIT FEATURES A LIVING ROOM & DINING AREA. KITCHEN WITH DISHWASHER. SERVICE AREA WITH WASHER/DRYER HOOKUP. CENTRAL HEATING & AIR CONDITIONING. 4 DETACHED GARAGES & OUTSIDE PARKING SPACES. 3 GARAGES CURRENTLY OCCUPIED BY OCCUPANT IN UNIT 414. BUYER WILL BE RESPONSIBLE FOR MANAGING GARAGE/PARKING ALLOCATION AFTER CLOSE OF ESCROW. UNIT 414 OCCUPIED BY ADMINISTRATOR/BENEFICIARY OF 1/6TH INTEREST NOT BEING SOLD AND DOES NOT CURRENTLY PAY RENT. SEPARATE GAS & ELECTRIC METERS. PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTURB OCCUPANTS. CLOSE TO SCHOOLS, SHOPPING & ENTERTAINMENT. NO COURT CONFIRMATION.

MONTHLY INCOME:
414  –  NO RENT BEING PAID. OCCUPIED BY ADMINISTRATOR/BENEFICIARY OF 1/6TH INTEREST IN THE BUILDING
414½  –  TEMPORARY MANAGER. NO RENT BEING PAID. WILL BE VACANT AT CLOSE OF ESCROW.
416  –  $2,266. (LAST INCREASE AUGUST 2017)
416½  –  $2,163. (LAST INCREASE JANUARY 2018)
PROPERTY SOLD SUBJECT TO ANY LEASES PRODUCED BEFORE OR AFTER CLOSE OF ESCROW.

MONTHLY EXPENSES (APPROXIMATE):
WATER/ELECTRIC/SEWER/TRASH  –  $200.±
*DISH NETWORK  –  $180.±
**AT&T – INTERNET  –  $170.±

* **IT IS BELIEVED THERE IS NO WRITTEN AGREEMENT TO PROVIDED SATELLITE OR INTERNET SERVICE FOR TENANTS. BUYER TO DETERMINE CONTINUATION OF THESE SERVICES AFTER CLOSE OF ESCROW. PROPERTY SOLD SUBJECT TO ANY WRITTEN AGREEMENT FOR SATELLITE AND INTERNET SERVICES.
GARDENER  –  $60.

LOT SIZE:   6,390± SQ. FT.

ZONED:   LARD 1.5            SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

SINGER & BASS TRUSTS, ET AL.

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 TRUSTEES, ET AL.

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.

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