PROBATE SALE

BY ORDER OF SUPERIOR COURT

LOS ANGELES

2 ON A LOT

BROCHURE #563

LOCATION:   1622-1624 W. 84TH STREET, LOS ANGELES, CA 90047 APN 6034-023-009

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 703, J-2. NORTH OF W. MANCHESTER AVENUE. EAST OF S. WESTERN AVENUE.  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY AN INCOME PROPERTY WITH 2 HOUSES ON ONE LOT IN LOS ANGELES. THE FRONT 3 BEDROOM 1½ BATH VACANT FRONT HOUSE (1624 W. 84TH ST.) CONSISTS OF A KITCHEN, SERVICE PORCH AND LIVING ROOM WITH DINING AREA. BACK HOUSE (1622 W. 84TH ST., SECTION 8 TENANT) CONSISTS OF 2 BEDROOMS, 1 BATHROOM AND A KITCHEN. DETACHED 1 CAR GARAGE. COPY OF SECTION 8 CONTRACT AND SECTION 8 NOTICE OF FAILED ANNUAL INSPECTION AVAILABLE UPON REQUEST. INGLEWOOD ADJACENT.

INCOME:   1624 (FRONT HOUSE) VACANT
                         1622 (BACK HOUSE) $1,000. PER MONTH.
SECTION 8 PAYS $614. PER MONTH.
TENANT PAYS $386. PER MONTH (TENANT
PORTION DELINQUENT).

LOT SIZE:   6,677± SQ. FT.

ZONED:   LA RD2  SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF BENNIE LONDON, JR.

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.