PROBATE SALE

BY ORDER OF SUPERIOR COURT

SAN PEDRO

2 UNITS – FIXER

BROCHURE #548

LOCATION:   653 W. SANTA CRUZ STREET, SAN PEDRO, CA 90731 APN 7451-006-019

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 824, B-4. EAST OF N. GAFFEY STREET, NORTH OF 1ST STREET, WEST OF S. PACIFIC AVENUE.  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY (2) 1 BEDROOM, 1 BATH UNITS, WITH PARKING, IN SAN PEDRO. THERE HAS BEEN A DOOR INSTALLED IN THE COMMON WALL THAT SEPARATES EACH UNIT (DOOR INSTALLATION MAY NOT BE PERMITTED). 3 SINGLE CAR GARAGES UNDER THE UNITS. ONE OF THE GARAGES HAS BEEN CONVERTED TO A LIVING AREA WITH BATHROOM (LIVING AREA AND BATHROOM MAY NOT BE PERMITTED). SEPARATE LAUNDRY ROOM. ALLEY ACCESS. OCCUPANT LIVING IN DOWNSTAIRS CONVERTED GARAGE WITH NO LEASE AND NO RENT. BUYERS & BROKERS TO VERIFY ALL PERMITS. GREAT FIXER OPPORTUNITY. CLOSE TO FREEWAYS. OWNER PASSED AWAY IN THE PROPERTY.

LOT SIZE:   6,251± SQ. FT.

ZONED:   LAR2   SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF DONALD GELLAR

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.