PROBATE SALE  –  FIXER

LOS ANGELES

3 BEDROOM, 2 BATH HOME

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.

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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