TRUST SALE – SILVER LAKE AREA – SATURDAY, FEBRUARY 2 @ 10:00 A.M.

TRUST SALE  –  FIXER

SILVER LAKE AREA  –  LOS ANGELES

2 BEDROOM, 1¾ BATH HOME

SATURDAY, FEBRUARY 2 @ 10:00 A.M.

SALE AT SITE

BROCHURE #902

NO COURT CONFIRMATION

LOCATION:   3462 DESCANSO DRIVE, LOS ANGELES, CA 90026  APN 5427-022-007

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 594, C-6. SOUTH OF SUNSET BLVD.. WEST OF SILVER LAKE BLVD..  SHOW ME A MAP

DESCRIPTION:   2 BEDROOM, 1¾ BATH FIXER HOME ON A CORNER LOT IN THE SILVER LAKE AREA OF LOS ANGELES. THE HOUSE FEATURES A LIVING ROOM WITH FIREPLACE, DINING AREA AND KITCHEN. ENCLOSED PATIO ADJACENT TO LIVING ROOM. SERVICE AREA WITH WASHER/DRYER HOOKUP. CENTRAL HEATING. BONUS ROOM UNDER HOUSE WITH KITCHEN (BONUS ROOM/KITCHEN NOT PERMITTED). COVERED BACK PATIO WITH PARTIAL ROOFTOP VIEW. DETACHED BONUS BUILDING & CARPORT. DETACHED 2 CAR GARAGE FACING TULAROSA DRIVE. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR CURRENT BUILDING REQUIREMENTS. OWNER PASSED AWAY IN THE HOUSE. GREAT CENTRAL LOCATION. CLOSE TO SHOPPING, DOWNTOWN LOS ANGELES & 101 FREEWAY. NO COURT CONFIRMATION.

LOT SIZE:   5,387± SQ. FT.

ZONED:   LA RD2          SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

POWERS 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 TRUSTEES.

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.

INSPECTIONS:   SATURDAY, JANUARY 19 & 26 (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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