TRUST SALE – LOS ANGELES – SATURDAY, JANUARY 30 @ 10:00 A.M.

TRUST SALE  –  LOS ANGELES

BY ORDER OF SUPERIOR COURT

2 HOMES + VACANT LOT

SATURDAY, JANUARY 30 @ 10:00 A.M.

SALE AT SITE

BROCHURE #102  –  SALE #1

LOCATION:   1410 & 1414 E. 107TH STREET + VACANT LOT, LOS ANGELES, CA 90002  APN 6065-013-004, 005, 006

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 704, F-5. NORTH OF 105 FREEWAY. EAST OF S. CENTRAL AVENUE.  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY 2 HOUSES PLUS ONE VACANT LOT (3 CONTIGUOUS PARCELS) AS ONE SALE IN LOS ANGELES. 1410 E. 107TH STREET IS A 2 BEDROOM, 1 BATHROOM HOME WITH A LIVING ROOM, DINING AREA, KITCHEN AND LAUNDRY ROOM WITH SIDE BY SIDE WASHER/DRYER HOOKUP. BACKYARD. MONTH TO MONTH TENANT PAYING $850 PER MONTH. 1414 E. 107TH STREET (VACANT) IS A 3 BEDROOM, 1 BATHROOM HOME CONSISTING OF A LIVING ROOM, KITCHEN, LAUNDRY ROOM AND BACKYARD. BUYER TO VERIFY ALL PERMITS. SEPARATE PARCEL APN 6065-013-005  (3,845± SQ. FT.) SITS IN BETWEEN BOTH HOMES. 3 SEPARATE PARCELS SOLD TOGETHER AS ONE SALE. PERSONAL PROPERTY NOT INCLUDED IN SALE. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY/COUNTY FOR CURRENT BUILDING REQUIREMENTS AND RESTRICTIONS.  ALL AUCTION ATTENDEES MUST WEAR MASKS AND SIGN A COVID ADVISORY.  

INCOME:   1414 E. 107TH STREET  –  $850 PER MONTH. MONTH TO MONTH. NO LEASE.

LOT SIZE:   1410 E. 107TH STREET  –  3,845± SQ. FT.
1414 E. 107TH STREET  –  3,845± SQ. FT.
VACANT LOT  –  APN 6065-013-005  –  3,845± SQ. FT.

ZONED:   LAR1 (ALL 3 PARCELS)   SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

JIMMIE V. SMITH 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 AND SUBJECT TO COURT CONFIRMATION.

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, JANUARY 16 & 23 (11:00 A.M.-2:00 P.M.) & ½ HOUR BEFORE AUCTION. CALL FOR APPOINTMENT (818) 501-4888. ALL BUYERS/AGENTS MUST WEAR MASKS AND SIGN A COVID ADVISORY.

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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