CONSERVATORSHIP SALE  –  FIXER  –  LINCOLN HEIGHTS
BY ORDER OF SUPERIOR COURT
DUPLEX & A.D.U.
SATURDAY, JANUARY 24 @ 2:00 P.M.
SALE AT SITE
BROCHURE #603

LOCATION:   3119 & 3119½ MANITOU AVENUE, LOS ANGELES, CA 90031  APN 5208-005-020

DIRECTIONS:   NORTH OF 10 FREEWAY. EAST OF 5 FREEWAY.  SHOW ME A MAP

DESCRIPTION:   2 STORY DUPLEX & A.D.U. IN THE VERY DESIRABLE LINCOLN HEIGHTS AREA OF LOS ANGELES, LOCATED IN THE LINCOLN HEIGHTS HISTORICAL OVERLAY ZONE.  3119½ MANITOU AVENUE IS A VACANT 2 BEDROOM, 2 BATH FIXER UNIT WITH LIVING ROOM AND KITCHEN. 3119 MANITOU AVENUE (UPPER UNIT) IS DIVIDED INTO 2 RESIDENCES (NO PERMIT). FRONT  –  1 BEDROOM, 1 BATHROOM & KITCHEN. REAR  –  STUDIO WITH KITCHEN & BATHROOM. FLOOR HEATERS. 2 GAS & 2 ELECTRIC METERS (OWNER CURRENTLY PAYS ALL UTILITIES). STUDIO A.D.U. WITH KITCHEN AND BATHROOM. TANKLESS WATER HEATER. COMBO HEAT/AIR CONDITIONING UNIT. LAUNDRY ROOM. BUYER TO VERIFY IF PERMITTED. A.D.U. MAY HAVE ROOF DAMAGE. PROPERTY CURRENTLY IN R.E.A.P. PROGRAM. EMAIL FLANS & WEINER FOR R.E.A.P. NOTICE & ORDER TO COMPLY, LAND PROPERTY ACTIVITY REPORT, 2 TENANT ESTOPPEL CERTIFICATES, RENT ROLL, CASH FLOW REPORT & GAS/ELECTRIC BILLS. DO NOT DISTURB OCCUPANTS. PERSONAL PROPERTY NOT INCLUDED IN SALE. GOOD FIXER OPPORTUNITY. CLOSE TO SCHOOLS, SHOPPING & FREEWAYS.

INCOME:   3119 MANITOU AVENUE
FRONT APARTMENT $1,040. PER MONTH.
REAR APARTMENT  –  $800. PER MONTH.

LOT SIZE:   5,399± SQ. FT.

ZONED:   LA RD3     SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

PEREZ CONSERVATORSHIP

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 CONSERVATOR 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.

INSPECTIONS:   SATURDAY, JANUARY 10 & 17 (11:00 A.M.-2:00 P.M.) & ½ HOUR BEFORE 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.