TRUST SALE – EAST LOS ANGELES – SATURDAY, SEPTEMBER 25 @ 10:00 A.M.

TRUST SALE  –  EAST LOS ANGELES

4 UNITS

SATURDAY, SEPTEMBER 25 @ 10:00 A.M.

SALE AT SITE

BROCHURE #147

NO COURT CONFIRMATION

LOCATION:   742-744 MOBILE AVENUE, LOS ANGELES, CA 90022  APN 6343-009-044

DIRECTIONS:   THOMAS GUIDE (LOS ANGELES COUNTY) P. 676, A-1. NORTH OF WHITTIER BLVD. MONTEBELLO ADJACENT. SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY 4 INCOME PRODUCING UNITS IN EAST LOS ANGELES, JUST ADJACENT TO MONTEBELLO. (2) 1 BEDROOM, 1 BATHROOM UNITS AND (2) STUDIO UNITS. SEPARATE GAS AND ELECTRIC METERS. OLD LEASE TERMS AND APPLICATIONS AVAILABLE UPON REQUEST. NO COURT CONFIRMATION.

INCOME:   742 MOBILE AVENUE (STUDIO) – $650 PER MONTH.
742½ MOBILE AVENUE (STUDIO) – $750 PER MONTH.
744 MOBILE AVENUE (1 BEDROOM) – $850 PER MONTH.
744½ MOBILE AVENUE (1 BEDROOM) – $900 PER MONTH.

LOT SIZE:   6,259± SQ. FT.

ZONED:   LCR3YY     SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

MADRID 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, SEPTEMBER 11 & 18 (11:00 A.M.-2:00 P.M.) & ½ HOUR BEFORE AUCTION.  ALL BUYERS AND AGENTS MUST WEAR A FACE MASK TO INSPECT THE PROPERTY AND TO THE 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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