AUCTION  –  KOREA TOWN AREA

4 UNITS

BROCHURE #404

NO COURT CONFIRMATION

LOCATION:   1132 S. OXFORD AVENUE, LOS ANGELES, CA 90006  APN 5080-013-022

DIRECTIONS:   EAST OF S. WESTERN AVENUE. SOUTH OF W. OLYMPIC BLVD.  SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO BUY A GATED 4 UNIT BUILDING IN THE HIGHLY SOUGHT AFTER KOREA TOWN AREA OF LOS ANGELES. ALL UNITS INCLUDE WASHER HOOKUPS. SEPARATE GAS & ELECTRIC METERS. CARPORT PARKING IN REAR OF BUILDING. GREAT CENTRAL LOCATION. CLOSE TO SHOPPING AND RESTAURANTS.

INCOME:
UNIT #1  –  2 BEDROOM, 2 BATHROOM. $1,371.74 PER MONTH.
UNIT #3  –  2 BEDROOM, 2 BATHROOM. $1,389.78 PER MONTH.
UNIT #5  –  3 BEDROOM, 2 BATHROOM. $1,669.86 PER MONTH.
UNIT #6  –  1 BEDROOM, 1 BATHROOM. $1,016.34 PER MONTH.
ALL UNITS ARE MONTH TO MONTH.

LOT SIZE:   5,451± SQ. FT.

ZONED:   LA R4              SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

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 OWNER.

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.