MUNICIPAL WATER DISTRICT SALE

QUARTZ HILL/LANCASTER

OFFICE BUILDING & ADJACENT PARKING LOT

BROCHURE #551

NO COURT CONFIRMATION

LOCATION:   42141 50TH STREET WEST, QUARTZ HILL/LANCASTER, CA 93536 (UNINCORPORATED AREA OF LOS ANGELES COUNTY) APN 3102-018-900 & 3102-018-904

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 4104, H-5. WEST OF 14 FREEWAY. NORTH OF QUARTZ HILL ROAD.  SHOW ME A MAP

DESCRIPTION:   SINGLE STORY OFFICE BUILDING WITH ADJACENT GATED PARKING LOT. THE OFFICE BUILDING HAS A RECEPTION AREA, STORAGE ROOM, UTILITY ROOM, 2 BATHROOMS, KITCHENETTE, CONFERENCE ROOM & 3 OFFICES. CENTRAL HEAT/AIR. ALARM SYSTEM. FRONT PORTION OF BUILDING CONSTRUCTED IN 1969. REAR SECTION OF BUILDING BUILT IN 1999. REAR SECTION MAY NOT BE PERMITTED (BUYER TO VERIFY PERMITS & ALL SQUARE FOOTAGE). METAL WORKSHOP AT REAR OF PARKING LOT (NOT PERMITTED). WORKSHOP INCLUDES A BATHROOM, OFFICE, 2 ROLLUP DOORS, SWAMP COOLER & STORAGE LOCKERS. BOTH PARCELS SOLD TOGETHER AS ONE SALE. GREAT COMMERCIAL OPPORTUNITY ON HIGH VISIBILITY STREET.

LOT SIZE:   APN 3102-018-900 – 9,041± SQ. FT. (OFFICE BLDG)
APN 3102-018-904 – 9,603± SQ. FT. (PARKING LOT)

ZONED:   LCC3 (BOTH PARCELS)     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 SELLER, WITH 15 DAY APPROVAL PERIOD AFTER AUCTION.

ESCROW PERIOD:   45 DAYS OR SOONER

DEPOSIT:   $10,000 CASH OR 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.