TRUST SALE – SHERMAN OAKS – 4 UNITS

TRUST SALE  –  SHERMAN OAKS

BY ORDER OF SUPERIOR COURT

4 UNITS

BROCHURE #249

LOCATION:   14722 MAGNOLIA BLVD, SHERMAN OAKS, CA 91403  APN 2263-037-008

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 561, J-3.. EAST OF SEPULVEDA BLVD. NORTH OF 101 FREEWAY.  SHOW ME A MAP

DESCRIPTION:   4 UNIT APARTMENT BUILDING IN THE VERY DESIRABLE SHERMAN OAKS AREA OF LOS ANGELES. EACH UNIT HAS 2 BEDROOMS AND 1 BATH (BUYER TO VERIFY. PUBLIC RECORD SHOWS 4 BEDROOMS.) EACH UNIT HAS A LIVING ROOM, DINING AREA AND KITCHEN. WALL HEATERS. DOWNSTAIRS REAR UNIT HAS A FIREPLACE & WASHER/DRYER HOOKUP. BACK AND SIDE OUTDOOR PATIOS. SEPARATE GAS & ELECTRIC METERS. LEASED SOLAR ELECTRIC SYSTEM. BUYER TO ASSUME SOLAR LEASE, AT BUYER’S EXPENSE, PRIOR TO CLOSE OF ESCROW. 4 GARAGE SPACES. GREAT INVESTMENT OPPORTUNITY. CLOSE TO SHOPPING & FREEWAYS. PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTURB OCCUPANTS.

MONTHLY INCOME:
UNIT #1 (LOWER FRONT)  –  $1,068.85
UNIT #2 (LOWER REAR)  –  $2,220.
UNIT #3 (UPPER FRONT)  –  $1,950.
UNIT #4 (UPPER REAR)  –  $1,945.
LEASES AVAILABLE UPON REQUEST.

MONTHLY EXPENSES:   (APPROXIMATE)
ELECTRIC $70.
WATER $100.
SEWER $30.
GAS $5.
UTILITY BILLS AVAILABLE UPONE REQUEST.

LOT SIZE:   6,501± SQ, FT,

ZONED:   LAR3           SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

SCHROEDER 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:   $25,000 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.

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.

Comments are closed.