TRUST SALE – ECHO PARK – SUNDAY, JANUARY 23 @ 10:00 A.M.

TRUST SALE  –  ECHO PARK

7 UNITS  –  R4 LOT

SUNDAY, JANUARY 23 @ 10:00 A.M.

SALE AT SITE

BROCHURE #200

NO COURT CONFIRMATION

LOCATION:   1242-1250 LILAC PLACE & 1257-1257½ VIN SCULLY AVENUE, LOS ANGELES, CA 90026 APN 5406-012-029

DIRECTIONS:   THOMAS GUIDE (LOS ANGELES COUNTY) P. 634, F-1. NORTH OF SUNSET BLVD.. EAST OF ECHO PARK AVENUE. SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO PURCHASE 7 UNITS ON A STREET TO STREET LOT IN ECHO PARK, CLOSE TO DODGER STADIUM. SITTING OFF OF LILAC PLACE ARE 5 STUDIO UNITS AND (2) 1 BEDROOM UNITS, (DUPLEX) OFF OF VIN SCULLY AVE. SEPARATE GAS & ELECTRIC METERS. 2 WATER METERS. POSSIBLE DEVELOPMENT SITE WITH THIS R4 LOT. BUYERS SHOULD CHECK WITH THE CITY FOR CURRENT BUILDING REQUIREMENTS AND RESTRICTIONS. PROPERTY CURRENTLY IN REAP AND HAS LOS ANGELES CITY NOTICE AND ORDER TO COMPLY. VIOLATIONS, ABATEMENT NOTICES AND LEASE AVAILABLE UPON REQUEST. ALL AUCTION ATTENDEES MUST WEAR A FACE MASK. NO COURT CONFIRMATION.

INCOME:
1242 LILAC PLACE (STUDIO) $529.43   REAP $370.60
1244 LILAC PLACE (STUDIO) $750.00   REAP $375.00
1246 LILAC PLACE (STUDIO) $535.00   REAP $374.50
1248 LILAC PLACE (STUDIO) VACANT
1250 LILAC PLACE (STUDIO & ILLEGAL GARAGE CONVERSION) $640.00  REAP $384.00
1257 VIN SCULLY AVE (1 BEDROOM) $732.85  REAP $476.35
1257½ VIN SCULLY AVE (1 BEDROOM) $630.00  REAP $346.50

LOT SIZE:   5,546± SQ. FT.

ZONED:   LA R4      SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

SHNAYDMAN 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, JANUARY 9 & 16 (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.

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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