TRUST SALE  –  FIXER

LOS FELIZ OAKS GATED COMMUNITY  –  HOLLYWOOD HILLS

4 BEDROOM, 4 BATH HOME WITH POOL

BROCHURE #436

MAY BE SUBJECT TO COURT CONFIRMATION

LOCATION:   5770 VALLEY OAK DRIVE, LOS ANGELES, CA  90068  APN 5587-013-049, 5587-013-056, 5587-013-030

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 593, G-3. EAST OF 101 FREEWAY, NORTH OF FRANKLIN AVENUE.  SHOW ME A MAP

DESCRIPTION:   PRIVATE, TRADITIONAL, 4 BEDROOM, 4 BATHROOM, 2 STORY VIEW HOME IN THE VERY DESIRABLE HOLLYWOOD GATED LOS FELIZ OAKS NEIGHBORHOOD. THE HOUSE FEATURES A LIVING ROOM WITH FIREPLACE, LARGE FOYER ENTRANCE AND IMPRESSIVE STAIRCASE. FORMAL DINING ROOM. POWDER ROOM WITH HALF BATH. KITCHEN WITH CENTER ISLAND, PREP AREA, PANTRY, DISHWASHER & STOVE. LAUNDRY ROOM WITH WASHER/DRYER HOOKUP. MAID’S ROOM WITH ¾ BATH OFF THE KITCHEN. SUN ROOM WITH LARGE WINDOWS. 2ND FLOOR LARGE PRIMARY SUITE WITH PRIVATE FULL BATH (UNDER CONSTRUCTION-NO FIXTURES), HIS & HERS DRESSING AREAS & WALK IN CLOSET. 2 ADDITIONAL LARGE BEDROOMS & REMODELED FULL BATH. DEN/OFFICE THROUGH ONE OF THE UPSTAIRS BEDROOMS. 2 OUTDOOR BALCONIES. FINISHED BASEMENT (MAY NOT BE PERMITTED). BUYER TO VERIFY ALL PERMITS. POSSIBLE WATER INTRUSION IN BASEMENT. 2 ADDITIONAL ROOMS WITH DEMOLISHED BATHROOM. CENTRAL HEATING & AIR CONDITIONING. POOL & SPA. PARK LIKE GROUNDS WITH WALKING PATHS. DETACHED GARAGE WITH UPSTAIRS UNFINISHED BONUS ROOM. UPSTAIRS ROOM MAY NOT BE PERMITTED. STAIRCASE FROM BACKYARD TO STREET BELOW. OWNER PASSED AWAY IN THE HOME. H.O.A. DUES APPROXIMATELY $250 PER YEAR (NOT VERIFIED). BUYER TO PAY FOR REQUIRED RETROFITTING (SMOKE DETECTORS, CARBON MONOXIDE DETECTORS, GAS EARTHQUAKE SHUT OFF VALVE, ETC USING COMPANY OF SELLER’S CHOICE PRIOR TO CLOSE OF ESCROW. GREAT FIXER OPPORTUNITY. CLOSE TO HOLLYWOOD FREEWAY, SHOPPING & DOWNTOWN LOS ANGELES. SALE SUBJECT TO NOTICE OF PROPOSED ACTION & MAY BE SUBJECT TO PROBATE COURT CONFIRMATION.

LOT SIZE:   APN 5587-013-049  –  22,730± SQ. FT.
APN 5587-013-056  –  2,567± SQ. FT.
APN 5587-013-030  –  4,672± SQ. FT.

ZONED:   LA RE 9               SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

SIMPSON 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 TRUST, SUBJECT TO NOTICE OF PROPOSED ACTION 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.