PROBATE SALE – LOS ANGELES – SATURDAY, OCTOBER 5 @ 11:00 A.M.
PROBATE SALE – FIXER
LOS ANGELES
3 BEDROOM, 2 BATH HOME
SATURDAY, OCTOBER 5 @ 11:00 A.M.
SALE AT SITE
BROCHURE #956
NO COURT CONFIRMATION
LOCATION: 1619 S. VAN NESS AVENUE, LOS ANGELES, CA 90019 APN 5073-023-023
DIRECTIONS: THOMAS GUIDE (L.A. COUNTY) P. 633, G-5. NORTH OF WASHINGTON BLVD.. EAST OF ARLINGTON AVENUE. SHOW ME A MAP
DESCRIPTION: 2 STORY, 3 BEDROOM, 2 BATH (1 BATH MAY NOT BE PERMITTED) FIXER HOME IN THE VERY DESIRABLE MID CITY AREA OF LOS ANGELES. THE HOUSE FEATURES A LIVING ROOM WITH FIREPLACE, DINING ROOM & KITCHEN. SERVICE AREA WITH WASHER/DRYER HOOKUP. DEN/STUDY ADJACENT TO LIVING ROOM CURRENTLY BEING USED AS A BEDROOM BY ONE OF THE TENANTS. UPSTAIRS BONUS ROOM. CENTRAL HEATING. STORAGE BASEMENT. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR CURRENT BUILDING REQUIREMENTS. PROPERTY LOCATED IN A CPIO OVERLAY ZONE. BUYERS SHOULD WITH L.A. DEPARTMENT OF CITY PLANNING (213) 978-1339 REGARDING ALL ASPECTS, RULES & REGULATIONS, ETC GOVERNING 1619 S. VAN NESS AVENUE AS IT PERTAINS TO THE CPIO ZONE. THIS PROPERTY IS IN THE SOUTH LOS ANGELES COMMUNITY PLAN IMPLEMENTATION OVERLAY (CPIO), SUBAREA O: CHARACTER RESIDENTIAL. THE ZONE IS RD2-1-CPIO AND TOC IS TIER 1. THE BUILDING HAS NOT BEEN IDENTIFIED AS AN ELIGIBLE HISTORIC RESOURCE. ANY NEW DEVELOPMENT SHALL COMPLY WITH THE SOUTH LOS ANGELES COMMUNITY PLAN IMPLEMENTATION OVERLAY (CPIO) DEVELOPMENT STANDARDS. DETACHED 2 CAR GARAGE. GRASS BACKYARD. BUYER TO PAY FOR ALL REQUIRED CITY & STATE RETROFIT CERTIFICATIONS USING COMPANY OF SELLER’S CHOICE, PRIOR TO CLOSE OF ESCROW. DO NOT DISTURB OCCPANTS. PERSONAL PROPERTY NOT INCLUDED IN SALE. GREAT FIXER OPPORTUNITY. CLOSE TO SCHOOLS, SHOPPING & 10 FREEWAY. NO COURT CONFIRMATION.
INCOME: TENANT 1 $750. PER MONTH
TENANT 2 $700. PER MONTH
LOT SIZE: 8,062± SQ. FT.
ZONED: LA RD2 SUBJECT TO GENERAL PLAN CONFIRMATION
TAXES: PROPOSITION 13
LENT ESTATE
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 ESTATE.
ESCROW PERIOD: 30 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, SEPTEMBER 21 & 28 (11:00 A.M.-2:00 P.M.) & HALF 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.