PROBATE SALE  –  FIXER  –  TORRANCE

DUPLEX + BONUS ROOM

BROCHURE #412

NO COURT CONFIRMATION

LOCATION:   2122 GRAMERCY AVENUE, TORRANCE, CA 90501  APN 7357-014-015

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 763, H-7. EAST OF CRENSHAW BLVD. SOUTH OF CARSON STREET.  SHOW ME A MAP

DESCRIPTION:   CORNER DUPLEX IN THE VERY DESIRABLE CITY OF TORRANCE, CALIFORNIA. FRONT UNIT HAS 2 BEDROOMS & FULL BATH PLUS A LIVING ROOM & KITCHEN WITH BREAKFAST AREA. FLOOR HEATER. DETACHED BONUS ROOM (MAY NOT BE PERMITTED) WITH KITCHEN & ¾ BATH AND WALL HEATER. BUYER TO VERIFY ALL PERMITS. ROOF LEAK IN BONUS ROOM. 1 BEDROOM WITH ¾ BATH AND KITCHEN OVER GARAGE. WALL HEATER. 1 CAR GARAGE WITH ELECTRIC ROLL UP DOOR AND WASHER/DRYER HOOKUP. GAS AND ELECTRIC METER FOR FRONT HOUSE/BONUS ROOM. GAS AND ELECTRIC METER FOR UPSTAIRS UNIT. WATER HEATER AND WASHER/DRYER HOOKUP IN GARAGE SERVICES ENTIRE PROPERTY AND ITS UTILITIES BILLED TO FRONT UNIT. REAR ALLEY. GRASS BACK YARD. ADDITIONAL OUTDOOR GATED PARKING. PROPERTY IS LOCATED IN A SMALL LOT OVERLAY ZONE AND TORRANCE TRACT OVERLAY ZONE. BUYERS SHOULD CALL THE CITY OF TORRANCE (310) 618-5990 FOR ALL INFORMATION REGARDING THE ABOVE OVERLAYS AND HOW THEY IMPACT THE PROPERTY. DO NOT DISTURB OCCUPANT. PERSONAL PROPERTY NOT INCLUDED IN SALE. WASHER/DRYER OWNED BY OCCUPANT IN 2122½ GRAMERCY AVENUE. GREAT FIXER OPPORTUNITY. CLOSE TO SHOPPING AND SCHOOLS.  NO COURT CONFIRMATION.

INCOME:   2122 GRAMERCY AVENUE + BONUS ROOM  –  VACANT

2122½ GRAMERCY AVENUE  –  OCCUPIED. NO RENT BEING COLLECTED.
COPY OF 2017 MONTH TO MONTH LEASE AVAILABLE UPON REQUEST.

LOT SIZE:   5,792± SQ. FT.

ZONED:   TORR-LM-R2 (NOT VERIFIED)  SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF EDNA RUTH

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.