CONSERVATORSHIP SALE – PACIFIC PALISADES
BY ORDER OF SUPERIOR COURT
11 UNITS
SUNDAY, AUGUST 3 @ 10:00 A.M.
BROCHURE #534
SALE TO BE CONDUCTED AT THE OFFICES OF FLANS & WEINER, INC.
16200 VENTURA BLVD ,SUITE #417, ENCINO, CA 91436
LOCATION: 16185 W. SUNSET BLVD., PACIFIC PALISADES, CA 90272 APN 4420-002-012
DIRECTIONS: CORNER OF LAS LOMAS AVE. AND W. SUNSET BLVD. SHOW ME A MAP
DESCRIPTION: RARE OPPORTUNITY TO BUY AN 11 UNIT APARTMENT BUILDING, ON A CORNER LOT, WITH PARKING, IN THE PACIFIC PALISADES. ONE OF THE MOST ICONIC BEACH COMMUNITIES IN ALL OF SOUTHERN CALIFORNIA. CLOSE TO PACIFIC COAST HIGHWAY AND PALISADES VILLAGE.
INCOME:
UNIT #1 – STUDIO (1) BATHROOM – VACANT
UNIT #2 – 1 BEDROOM, 1 BATHROOM – VACANT
UNIT #3 – 1 BEDROOM, 1 BATHROOM – VACANT
UNIT #4 – STUDIO (1) BATHROOM – $1,140 PER MONTH (MONTH TO MONTH)
UNIT #5 – 1 BEDROOM, 1 BATHROOM – VACANT
UNIT #6 – 1 BEDROOM, 1 BATHROOM – VACANT
UNIT #7 – 1 BEDROOM, 1 BATHROOM – VACANT
UNIT #8 – STUDIO (1) BATHROOM – VACANT
UNIT #9 – 1 BEDROOM, 1 BATHROOM – $1,400 PER MONTH (MONTH TO MONTH)
UNIT #10 – STUDIO (1) BATHROOM – VACANT
UNIT #11 – 1 BEDROOM, 1 BATHROOM – VACANT
LOT SIZE: 9,281± SQ. FT.
ZONED: LAR3 SUBJECT TO GENERAL PLAN CONFIRMATION
TAXES: PROPOSITION 13
NEUBAN 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: $50,000 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: SUNDAY, JULY 20 & 27 (11:00 A.M.-2:00 P.M.).
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.