PROBATE SALE  –  MOUNT WASHINGTON

3 UNITS

BROCHURE #614

NO COURT CONFIRMATION

LOCATION:   437 ISABEL STREET, LOS ANGELES, CA 90065   APN 5452-014-002

DIRECTIONS:   NORTH WEST OF ARROYO SECO PARKWAY. EAST OF N. SAN FERNANDO ROAD.

DESCRIPTION:   RARE OPPORTUNITY TO BUY 3 UNITS ON A LARGE LOT WITH VIEWS IN THE HIGHLY SOUGHT AFTER MOUNT WASHINGTON AREA OF LOS ANGELES. THE DOWNSTAIRS UNIT CONSISTS OF 3 BEDROOMS (1 BEDROOM, NO CLOSET) AND 1 BATHROOM. UPSTAIRS UNIT CONSISTS OF 3 BEDROOMS (1 BEDROOM, NO CLOSET) AND 1 BATHROOM. CONVERTED BACK BUILDING TO 1 BEDROOM AND 1 BATHROOM WITH NO PERMIT. BUYERS TO VERIFY ALL PERMITS. ALLEY ACCESS WITH PARKING IN REAR. CLOSE TO TRENDY FIGUEROA STREET. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY FOR CURRENT BUILDING RESTRICTIONS AND REQUIREMENTS.

INCOME:
437 ISABEL ST. (LOWER UNIT) $2,300 PER MONTH. MONTH TO MONTH.
437½ ISABEL ST. (UPPER UNIT) $1,905 PER MONTH. MONTH TO MONTH.
BACK BUILDING $960 PER MONTH. MONTH TO MONTH.

LOT SIZE:   8,445± SQ. FT.

ZONED:   LAR1       SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF VANONI/MARIDUENA

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.

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.