TRUST SALE  –  HOLLYWOOD

8 UNIT & 3 UNIT APARTMENT BUILDINGS ON 2 PARCELS (20,153± SQ. FT.)

BROCHURE #312

MAY BE SUBJECT TO COURT CONFIRMATION

LOCATION:   2053 ARGYLE AVENUE, LOS ANGELES, CA 90068  APN 5586-005-014
2067 ARGYLE AVENUE, LOS ANGELES, CA 90068  APN 5586-005-015

DIRECTIONS:   NORTH OF FRANKLIN AVENUE. WEST OF N. GOWER STREET.  SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO BUY 2 SIDE BY SIDE PARCELS TOGETHER AS ONE SALE, TOTALING 20,153± SQ. FT. OF LAND. 2053 ARGYLE CONSISTS OF AN 8 UNIT APARTMENT BUILDING AND 2067 ARGYLE CONSISTS OF A 3 UNIT APARTMENT BUILDING. SEPARATE ELECTRIC AND GAS METERS FOR BOTH BUILDINGS. FABULOUS LOCATION. CLOSE TO SHOPPING, ENTERTAINMENT AND ICONIC HOLLYWOOD BOULEVARD. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY/COUNTY FOR CURRENT BUILDING RESTRICTIONS AND REQUIREMENTS. SOLD SUBJECT TO EXISTING OCCUPANCY. 2053 ARGYLE AVENUE IS CURRENTLY IN REAP. TRUSTEE CURRENTLY WORKING WITH THE CITY TO CORRECT RECORDED VIOLATIONS. VIOLATIONS AVAILABLE UPON REQUEST.

INCOME:
RENT ROLL  –  2053 ARGYLE AVENUE
2053 ARGYLE AVE  –  $858 PER MONTH. MONTH TO MONTH. (STUDIO,¾ BATH)
2053½ ARGYLE AVE  –  $583 PER MONTH. MONTH TO MONTH. (STUDIO, ¾ BATH)
2055 ARGYLE AVE  –  $1,045 PER MONTH. MONTH TO MONTH. (1 BED+BONUS ROOM, 1 BATH)
2057 ARGYLE AVE  –  $1,050 PER MONTH. MONTH TO MONTH. (1 BED, 1 BATH)
2059 ARGYLE AVE  –  VACANT (1 BED, 1 BATH)
2059½ ARGYLE AVE  –  $895 PER MONTH (805.50 PAID TO REAP). MONTH TO MONTH. (STUDIO, ¾ BATH)
2061 #1 ARGYLE AVE  –  $932 PER MONTH. MONTH TO MONTH. (1 BED, 1 BATH)
2061 #2 ARGYLE AVE  –  $881 PER MONTH ($616 PAID TO REAP). MONTH TO MONTH.
(1 BED, 1 BATH)

RENT ROLL  –  2067 ARGYLE AVENUE
2067 ARGYLE AVE #1  –  $819 PER MONTH. MONTH TO MONTH. (1 BED, 1 BATH)
2067 ARGYLE AVE #2  –  $995 PER MONTH. MONTH TO MONTH. (1 BED, 1 BATH)
2067 ARGYLE AVE #3  –  $497 PER MONTH. MONTH TO MONTH. (STUDIO, ¾ BATH)

LOT SIZE:   APN 5586-005-014   10,076± SQ. FT.
APN 5586-005-015   10,077± SQ. FT.

ZONED:   LAR3 (BOTH PARCELS) SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

BURGIN 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 MAY BE 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.