PROBATE SALE  –  LAKE ELSINORE

BY ORDER OF SUPERIOR COURT

COMMERCIAL BUILDING

BROCHURE #833

LOCATION:   148 S. MAIN STREET, LAKE ELSINORE, CA 92530  APN 373-151-015

DIRECTIONS:  THOMAS GUIDE (RIVERSIDE COUNTY) P. 866, E-5. NORTH OF LAKESHORE DRIVE. SOUTH OF E. GRAHAM AVENUE. SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY AN INCOME PRODUCING COMMERCIAL PROPERTY ON S. MAIN STREET IN OLD TOWN LAKE ELSINORE. THE BUILDING CONTAINS AN OPERATING STORE FRONT AND (2) ½ BATHS. REAR YARD AND ALLEY BEHIND BUILDING. PERSONAL PROPERTY NOT INCLUDED IN SALE.

INCOME:   $1,100 PER MONTH. MONTH TO MONTH. EXPIRED LEASE AVAILABLE UPON REQUEST.

TAXES:   PROPOSITION 13

ESTATE OF JAMES STEHNO

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 ESTATE AND SUBJECT TO COURT CONFIRMATION.

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.