TRUST SALE
BY ORDER OF SUPERIOR COURT
CLAREMONT
COMMERCIAL BUILDING
BROCHURE #922
LOCATION: 124 YALE AVENUE, CLAREMONT, CA 91711 APN 8313-019-026
DIRECTIONS: THOMAS GUIDE (L.A. COUNTY) P. 601, D-3. NORTH OF 10 FREEWAY, EAST OF INDIAN HILL BLVD.. SHOW ME A MAP
DESCRIPTION: COMMERCIAL BUILDING IN THE HEART OF THE VERY DESIRABLE CITY OF CLAREMONT, CALIFORNIA. THE PROPERTY CONSISTS OF 2 STORE FRONTS AND AN UPSTAIRS COMMERCIAL/RESIDENTIAL AREA. CENTRAL HEATING/AIR CONDITIONING. SEPARATE GAS & ELECTRIC METERS. PARKING FOR APPROXIMATELY 12 CARS. ROOF DAMAGE. POSSIBLE FOUNDATION, PLUMBING & WATER ISSUES. COPIES OF LEASES, UTILITY BILLS. LEASE EVALUATION & TENANT CORRESPONDENCE AVAILABLE UPON REQUEST. OWNER RESPONSIBLE FOR ROOF MAINTANANCE OVER UPSTAIRS AREA & OVER PUDGES RESTAURANT. ARRUFO RESTAURANT HAS FIRST RIGHT OF REFUSAL TO PURCHASE THE PROPERTY. PERSONAL PROPERTY NOT INCLUDED IN SALE. GREAT OPPORTUNITY TO PURCHASE AN INCOME PROPERTY IN ONE OF THE MOST DESIRABLE SMALL CITIES IN SOUTHERN CALIFORNIA.
MONTHLY INCOME:
126 YALE AVENUE – ARUFFO’S RESTAURANT – $2,717.
TENANT HAS FIRST RIGHT OF REFUSAL AND LEASE EXTENSIONS THROUGH 2032.
124 YALE AVENUE – PUDGES – $1,550.
128 YALE AVENUE – UPSTAIRS AREA – VACANT
MONTHLY EXPENSES:
WATER – $300. APPROXIMATE
TRASH – $250. APPROXIMATE
LOT SIZE: 9,136± SQ. FT.
ZONED: CLCV* SUBJECT TO GENERAL PLAN CONFIRMATION
TAXES: PROPOSITION 13
BORJE 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 AND SUBJECT TO COURT CONFIRMATION.
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.