PROBATE SALE  –  TUSTIN

COMMERCIAL CENTER

DO NOT DISTURB OCCUPANTS

BROCHURE #963

LOCATION:   1161 IRVINE BLVD, TUSTIN, CA  92780  APN 501-081-14

DIRECTIONS:   THOMAS GUIDE (ORANGE COUNTY) P. 830, C-2. NORTH EAST CORNER OF IRVINE BLVD AND ELIZABETH WAY.  SHOW ME A MAP

DESCRIPTION:   FANTASTIC OPPORTUNITY TO BUY A CORNER COMMERCIAL BUILDING ON A HIGH VISIBILITY STREET IN TUSTIN. 7 STORE FRONTS WITH PARKING. ALL 7 STORES HAVE ½ BATHROOMS. 7 ELECTRIC METERS AND 6 GAS METERS.

INCOME:
1161 IRVINE BLVD.  –  $1,775 PER MONTH (SUTHA THAI KITCHEN)
1163 IRVINE BLVD.  –  $1,030 PER MONTH (ALTERATIONS)
1165 IRVINE BLVD.  –  $1,770 PER MONTH (QUEEN MARY SALON & SPA)
1167 IRVINE BLVD.  –  $  950  PER MONTH (SHOE REPAIR)
1169 IRVINE BLVD.  –  VACANT
1171 IRVINE BLVD.  –  VACANT
1173 IRVINE BLVD.  –  VACANT

SOLD SUBJECT TO EXISTING OCCUPANCY.
LEASES, EXPENSES & PRELIM AVAILABLE UPON REQUEST.

LOT SIZE:   18,813± SQ. FT.

TAXES:   PROPOSITION 13

ESTATE OF JAMES OSTEEN

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 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.