TRUST SALE – SANTA MONICA – SUNDAY, MARCH 10@ 10:00 A.M.

TRUST SALE

SANTA MONICA

5 UNITS

SUNDAY, MARCH 10 @ 10:00 A.M.

SALE AT SITE

BROCHURE #912

NO COURT CONFIRMATION

LOCATION:   707 STRAND STREET, SANTA MONICA, CA 90405  APN 4289-001-025

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 671, F-3. SOUTH OF PICO BLVD.. WEST OF LINCOLN BLVD..  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY 5 PRIDE OF OWNERSHIP UNITS IN SANTA MONICA, ONE OF THE MOST SOUGHT AFTER, DESIRABLE WEST SIDE BEACH COMMUNITIES AROUND. THE BUILDING CONSISTS OF (1) 2 BEDROOM, 1 BATH UNIT AND (4) 1 BEDROOM, 1 BATH UNITS. 5 COVERED CARPORT PARKING SPACES BEHIND BUILDING AND SEPARATE GAS & ELECTRIC METERS. WASHER/DRYER HOOKUP IN UNITS #2, #3, #4 & #5. LEASES & EXPENSES AVAILABLE UPON REQUEST. DO NOT DISTURB OCCUPANTS. NO COURT CONFIRMATION.

INCOME:
UNIT #1  –  1 BEDROOM, 1 BATH  $714.41 PER MONTH.
UNIT #2  –  1 BEDROOM, 1 BATH  $2,792.25. PER MONTH.
UNIT #3  –  1 BEDROOM, 1 BATH  $2,845. PER MONTH.
UNIT #4  –  2 BEDROOM, 1 BATH  $2,177.25 PER MONTH.
UNIT #5  –  1 BEDROOM, 1 BATH  $2,845. PER MONTH.

LOT SIZE:   5,947± SQ. FT.

ZONED:   SMOP2         SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESFANDI 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:   $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:   SUNDAY, FEBRUARY 24 & MARCH 3 (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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