TRUST SALE

ATWATER VILLAGE

6 UNIT APARTMENT BUILDING

BROCHURE #634

NO COURT CONFIRMATION

LOCATION:   3348 ATWATER AVENUE, LOS ANGELES, CA 90039 APN 5436-022-005

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 594, E-2. EAST OF 5 FREEWAY BETWEEN LOS FELIZ BLVD & GLENDALE BLVD.  SHOW ME A MAP

DESCRIPTION:   GATED, 2 STORY, 6 UNIT APARTMENT BUILDING IN THE VERY DESIRABLE COMMUNITY OF ATWATER VILLAGE. THE BUILDING HAS (1) 3 BEDROOM, 2 BATH UNIT, (3) 2 BEDROOM, 1 BATH UNITS & (2) 1 BEDROOM, 1 BATH UNITS. 3 BEDROOM UNIT HAS BEEN UPDATED AND INCLUDES A KITCHEN WITH DISHWASHER & GRANITE COUNTERTOPS. SECURITY CAMERAS. SEPARATE GAS & ELECTRIC METERS FOR EACH UNIT. MASTER WATER HEATER (OWNER PAYS FOR HOT & COLD WATER). STORAGE AREA UNDER BUILDING. 6 PARKING SPACES. LAUNDRY ROOM WITH COIN WASHER & DRYER (WASHER & DRYER INCLUDED IN SALE). PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTURB OCCUPANTS. GREAT CENTRAL LOCATION. COPIES OF LEASES/RENTAL AGREEMENTS, RENT ROLL, INCOME & EXPENSE STATEMENTS, MANAGEMENT COMPANY AGREEMENT, ETC. AVAILABLE UPON REQUEST. CLOSE TO SHOPPING, 5 FREEWAY & SCHOOLS. NO COURT CONFIRMATION.

MONTHLY INCOME:
UNIT #1 – VACANT (3 BEDROOM, 2 BATH)
UNIT #2 – 1,295.00 (2 BEDROOM, 1 BATH)
UNIT #3 –     579.63 (2 BEDROOM, 1 BATH)
UNIT #4 –     579.63 (1 BEDROOM, 1 BATH)
UNIT #5 –     695.55 (2 BEDROOM, 1 BATH)
UNIT #6 – 1,007.32 (1 BEDROOM, 1 BATH)

UNITS RENTED MONTH TO MONTH.

APPROXIMATE MONTHLY EXPENSES:
ELECTRIC – $70.00
WATER – $250.00
SEWER – $160.00
GAS – $90.00
LAUNDRY – $60.00

LOT SIZE:   6,752± SQ, FT,

ZONED:   LAR1     SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

STARLING TRUST

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.

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.