PROBATE SALE  –  MID CITY LOS ANGELES

BY ORDER OF SUPERIOR COURT

3 UNITS

BROCHURE #327

LOCATION:   1950 WEST BOULEVARD, LOS ANGELES, CA 90016  APN 5061-008-010

DIRECTIONS:   NORTH OF 10 FREEWAY. SOUTH OF W. WASHINGTON BLVD.  SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO PURCHASE 3 UNITS PLUS BONUS UNPERMITTED UNIT (CONVERTED ATTIC) IN THE HIGHLY SOUGHT AFTER MID CITY AREA OF LOS ANGELES. THE PROPERTY FEATURES (1) 3 BEDROOM, 1 BATH UNIT PLUS BONUS ROOM (NO CLOSET, POSSIBLE 3RD BEDROOM) AND (2) 1 BEDROOM, 1 BATHROOM UNITS. CONVERTED ATTIC (NO PERMIT). 1 CAR DETACHED GARAGE. 4 GAS & 4 ELECTRIC METERS. BUYER TO VERIFY ALL PERMITS. CLOSE TO SHOPPING AND 10 FREEWAY.

INCOME:
1952 WEST BLVD.  –  $1,655 PER MONTH. MONTH TO MONTH (OWES 3 MONTHS BACK RENT)
3 BEDROOM, 1 BATH. (3RD BEDROOM NO CLOSET)
1954 WEST BLVD.  –  $1,100 PER MONTH. MONTH TO MONTH.
1 BEDROOM, 1 BATH.
1950 WEST BLVD.  –  $700 PER MONTH. MONTH TO MONTH.
1 BEDROOM, 1 BATH.

LOT SIZE:   6,600± SQ. FT.

ZONED:   LA R2   SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF SERRANO

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/SELLER AND 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.

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.