PROBATE SALE  –  FIXER

CITY TERRACE AREA OF LOS ANGELES

2 BEDROOM, 1¾ BATH HOME + BONUS UNITS

SUNDAY, FEBRUARY 22 @ 10:00 A.M.

SALE AT SITE

BROCHURE #608

MAY BE SUBJECT TO COURT CONFIRMATION

LOCATION:   1183 N. BONNIE BEACH PLACE, LOS ANGELES, CA 90063  APN 5228-009-024

DIRECTIONS:   SOUTH OF 10 FREEWAY. WEST OF EASTERN AVENUE.  SHOW ME A MAP

DESCRIPTION:   2 BEDROOM, 1¾ BATH VIEW HOME IN THE VERY DESIRABLE CITY TERRACE AREA OF UNINCORPORATED LOS ANGELES COUNTY. THE MAIN HOUSE HAS BEEN DIVIDED (WITHOUT PERMIT) TO CREATE A RENTED 1 BEDROOM, 1 BATH AREA. 1 BEDROOM, ¾ BATH & KITCHEN PORTION OF THE HOME IS VACANT. WALL HEATERS. 2 ADDITIONAL BUILDINGS WITH BATHROOMS ON THE PROPERTY ARE NOT PERMITTED.  CALL OFFICE FOR COPIES OF BUILDING CODE VIOLATIONS & COPY OF LEASE. CLOSE TO SHOPPING & FREEWAYS. LARGE LOT. POSSIBLE DEVELOPMENT OPPORTUNITY. BUYERS SHOULD CHECK WITH LOS ANGELES COUNTY FOR CURRENT BUILDING & ZONING REQUIREMENTS. MAY BE SUBJECT TO COURT CONFIRMATION.

INCOME:   $1,300. PER MONTH.

LOT SIZE:   14,972± SQ. FT. (TOTAL 3 LOTS)

ZONED:   LCR2*       SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF ALDERETE

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 MAY BE SUBJECT TO COURT CONFIRMATION.

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.

INSPECTIONS:   SATURDAY, FEBRUARY 14 & SUNDAY, FEBRUARY 15 (11:00 A.M.-2:00 P.M.) & HALF HOUR BEFORE AUCTION.

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.