TRUST SALE  –  ECHO PARK

8 UNITS

SATURDAY, AUGUST 22 @ 10:00 A.M.

SALE AT SITE

BROCHURE #636

NO COURT CONFIRMATION

LOCATION:   

DIRECTIONS:   EAST OF N. ALVARADO ST.. NORTH OF SUNSET BLVD..

DESCRIPTION:   RARE OPPORTUNITY TO PURCHASE AN 8 UNIT APARTMENT BUILDING IN THE HIGHLY SOUGHT AFTER ECHO PARK AREA OF LOS ANGELES. TREMENDOUS UPSIDE RENTAL POTENTIAL AND CENTRALLY LOCATED TO TRENDY SUNSET BLVD, RESTAURANTS AND ICONIC DODGER STADIUM. NO COURT CONFIRMATION.

INCOME:
UNIT 1  –  1 BEDROOM, 1 BATHROOM  –  VACANT
UNIT 2  –  1 BEDROOM, 1 BATHROOM  –  $776 PER MONTH. MONTH TO MONTH.
UNIT 3  –  2 BEDROOM, 1 BATHROOM  –  $1,231 PER MONTH. MONTH TO MONTH.
UNIT 4  –  1 BEDROOM, 1 BATHROOM  –  VACANT
UNIT 5  –  1 BEDROOM, 1 BATHROOM  –  VACANT
UNIT 6  –  1 BEDROOM, 1 BATHROOM  –  $799 PER MONTH. MONTH TO MONTH.
UNIT 7  –  2 BEDROOM, 1 BATHROOM  –  $1,064 PER MONTH. MONTH TO MONTH.
UNIT 8  –  1 BEDROOM, 1 BATHROOM  –  $937 PER MONTH. MONTH TO MONTH.

3% INCREASES AS OF MARCH 2026

LOT SIZE:   7,192± SQ. FT.

ZONED:   LA RD2       SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

GEORGE 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 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, AUGUST 8 & 15 (11:00 A.M.-2:00 P.M.) AND HALF 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.