TRUST SALE – KOREA TOWN AREA – WEDNESDAY, MAY 8 @ 10:00 A.M.

TRUST SALE  –  KOREA TOWN AREA

4 COMMERCIAL STORE FRONTS

WEDNESDAY, MAY 8 @ 10:00 A.M.

SALE AT SITE

BROCHURE #923

LOCATION:   4015-4029 W. BEVERLY BOULEVARD, LOS ANGELES, CA 90004  APN 5520-022-009

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 594, A-7. EAST OF N. NORMANDIE AVENUE. WEST OF N. VERMONT AVENUE.

DESCRIPTION:   GREAT OPPORTUNITY TO BUY 4 COMMERCIAL INCOME PRODUCING STORE FRONTS ON A CORNER LOT IN THE HIGHLY DESIRABLE KOREA TOWN AREA OF LOS ANGELES. INCOME, EXPENSES AND LEASES AVAILABLE UPON REQUEST. TAX ROLLS SHOW THE PROPERTY TO BE 4011 W. BEVERLY BLVD HOWEVER ACTUAL ADDRESS ON BUILDING TO BE 4015-4029 W. BEVERLY BLVD. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR CURRENT BUILDING REQUIREMENTS AND RESTRICTIONS. SALE MAY BE SUBJECT TO COURT CONFIRMATION. PLEASE DO NOT DISTURB TENANTS.

MONTHLY INCOME:
4015/4017/4023 W. BEVERLY BLVD (PANADERIA EL SALVADOR)  –  $4,400. PER MONTH
4019 W. BEVERLY BLVD (ALMA’S BEAUTY SALON)  –  $1,600. PER MONTH
4021 W. BEVERLY BLVD (LA PIRAMIDE SALVADORENA RESTAURANT)  –  $1,700.  PER MONTH.
4025/4027/4029 W. BEVERLY BLVD (EL LECHERO-MILKMAN MARKET)  –  $4,300.  PER MONTH.

LOT SIZE:   6,497± SQ. FT.

ZONED:   LA C2     SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

AMARO 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 AND MAY BE SUBJECT TO COURT CONFIRMATION.

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:   WEDNESDAY, APRIL 24 & MAY 1 (10:00 A.M.-12:00 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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