TRUST SALE – SAN PEDRO – SATURDAY, JANUARY 26 @ 10:00 A.M.

TRUST SALE  –  SAN PEDRO

3 UNIT APARTMENT BUILDING

SATURDAY, JANUARY 26 @ 10:00 A.M.

SALE AT SITE

BROCHURE #900

NO COURT CONFIRMATION

LOCATION:   1738 S. ALMA STREET, SAN PEDRO, CA 90731  APN 7462-002-005

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 824, A-6. WEST OF GAFFEY STREET. CORNER OF SOUTH ALMA STREET AND WEST 18TH STREET. SHOW ME A MAP

DESCRIPTION:   CORNER 3 UNIT APARTMENT BUILDING IN THE VERY DESIRBALE L.A. CITY COMMUNITY OF SAN PEDRO. (1) 3 BEDROOM, 1¾ BATH (¾ BATH MAY NOT BE PERMITTED), (2) 2 BED, 1 BATH UNITS. UNITS HAVE LIVING ROOMS, KITCHENS & WASHER/DRYER HOOKUPS. WALL HEATERS. 3 GARAGES. PARTIAL VIEW. SEPARATE GAS & ELECTRIC METERS FOR EACH UNIT. LEASES AVAILABLE UPON REQUEST. GREAT INVESTMENT OPPORTUNITY. CLOSE TO SHOPPING & SCHOOLS. PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTURB OCCUPANTS. NO COURT CONFIRMATION.

MONTHLY INCOME:
1738 S. ALMA STREET  –  $1,517.  (3 BEDROOM)
1740 S. ALMA STREET  –  $1,179.  (2 BEDROOM)
1742 S. ALMA STREET  –  $1,255.  (2 BEDROOM)
ANNUAL RENT INCREASE MARCH 1.

MONTHLY EXPENSES:   L.A. CITY DWP  $225.±

LOT SIZE:   4,501± SQ. FT.

ZONED:   LA R2            SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

RAMPINO 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:   SATURDAY, JANUARY 12 & 19 (11:00 A.M.-2:00 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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