TRUST SALE – LINCOLN HEIGHTS – SATURDAY, NOVEMBER 14 @ 1:00 P.M.

TRUST SALE

LINCOLN HEIGHTS

(1) 2 BEDROOM, 1 BATH HOME & (1) 1 BEDROOM, 1 BATH HOME

SATURDAY, NOVEMBER 14 @ 1:00 P.M.

SALE AT SITE

BROCHURE #034

NO COURT CONFIRMATION

LOCATION:   1918 & 1920 GATES STREET, LOS ANGELES, CA 90031  APN 5211-004-013 & 5211-004-014

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 635, B-2. EAST OF 5 FREEWAY. NORTH OF N. MAIN STREET.  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY 2 SIDE BY SIDE HOMES ON SEPARATE PARCELS IN THE HIGHLY DESIRABLE LINCOLN HEIGHTS AREA OF LOS ANGELES (BOTH PARCELS SOLD TOGETHER AS ONE SALE). 1920 GATES STREET IS A 2 BEDROOM, 1 BATH HOME WITH LIVING ROOM, DINING AREA, KITCHEN AND LAUNDRY ROOM WITH SIDE BY SIDE WASHER/DRYER HOOKUP. 1918 GATES STREET IS A 1 BEDROOM, 1 BATH HOME WITH LIVING ROOM, BREAKFAST AREA AND KITCHEN. LARGE CONCRETE BACK YARD WITH STORAGE SHEDS. SEPARATE GAS AND ELECTRIC METERS. A SHARED DRIVEWAY SEPARATES BOTH PROPERTIES. BUYERS TO VERIFY ALL LOT LINES, METES AND BOUNDS AND PERMITS. 1920 GATES STREET WILL BE DELIVERED VACANT. CURRENTLY, A FAMILY MEMBER IS OCCUPYING 1918 GATES STREET, NO RENT BEING PAID AND IS SUPPOSED TO MOVE. SHOULD FAMILY MEMBER STILL BE OCCUPYING PROPERTY UPON CLOSE OF ESCROW, THE HOME WILL BE SOLD SUBJECT TO EXISTING OCCUPANCY.  ALL AUCTION ATTENDEES MUST WEAR MASKS AND GLOVES AND SIGN A COVID ADVISORY.  NO COURT CONFIRMATION.

LOT SIZE:   1918 GATES STREET  –  1,747± SQ. FT.
1920 GATES STREET  –  5,419± SQ. FT.

ZONED:   LA RD2 (BOTH PARCELS)      SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

MALDONADO 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:   $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, OCTOBER 31 & NOVEMBER 7 (11:00 A.M.-2:00 P.M.) & HALF HOUR BEFORE AUCTION. CALL FOR APPOINTMENT (818) 501-4888. BUYERS/AGENTS MUST BRING FACE MASKS & GLOVES AND SIGN A COVID ADVISORY IN ORDER TO INSPECT THE PROPERTY.

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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