TRUST/LLC SALE  –  SANTA MONICA

COMMERCIAL BUILDING

THURSDAY, SEPTEMBER 4 @ 10:00 A.M.

SALE AT SITE

BROCHURE #538

MAY BE SUBJECT TO COURT CONFIRMATION

LOCATION:   1618 OCEAN PARK BLVD, SANTA MONICA, CA 90405  APN 4285-005-006

DIRECTIONS:   EAST OF 16TH STREET. WEST OF 17TH STREET.  SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO BUY A COMMERCIAL PROPERTY WITH PARKING ON HIGH VISIBILITY, OCEAN PARK BLVD, IN THE HIGHLY SOUGHT AFTER CITY OF SANTA MONICA. ONE OF THE MOST DESIRABLE  BEACH CITIES IN SOUTHERN CALIFORNIA. CURRENTLY, THERE ARE 3 TENANTS ON THE PROPERTY INCLUDING THE FABULOUS GHISALLO RESTAURANT. PARKING IN REAR WITH ALLEY ACCESS. LEASES AVAILABLE UPON REQUEST. YEARS AGO, SUBJECT PROPERTY USED TO OPERATE AS A DRY CLEANERS. MAY BE SUBJECT TO COURT CONFIRMATION.

INCOME:
GHISALLO  –  $7,669 PER MONTH
JYAN ISAAC BREAD  –  $1,800 PER MONTH
SITE SPECIFIC ARCHITECTURE  –  $1,800 PER MONTH

LOT SIZE:   6,994± SQ. FT.

ZONED:   SMC2      SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

BALLARD TRUST/MODEL CLEANERS LLC

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 TRUSTEE AND MAY BE SUBJECT TO COURT CONFIRMATION.

ESCROW PERIOD:   45 DAYS OR SOONER

DEPOSIT:   $50,000 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.

INSPECTIONS:   THURSDAY, AUGUST 21 & 28 (9:00 A.M.-11:00 A.M.) & ½ HOUR BEFORE AUCTION.

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.