TRUST SALE  –  CULVER CITY

6 UNITS

WEDNESDAY, DECEMBER 17 @ 10:00 A.M.

SALE AT SITE

BROCHURE #556

NO COURT CONFIRMATION

LOCATION:   12510 WASHINGTON PLACE, CULVER CITY, CA 90066  APN 4231-019-045

DIRECTIONS:   SOUTH OF VENICE BLVD. WEST OF S. CENTINELA AVENUE.  SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO BUY 6 UNITS WITH PARKING (5 GARAGE SPACES) AND COMMON LAUNDRY ROOM, SPREAD OUT OVER 2 SEPARATE BUILDINGS IN CULVER CITY. ONE OF THE MOST SOUGHT AFTER WESTSIDE AREAS. SEPARATE GAS AND ELECTRIC METERS. DO NOT DISTURB OCCUPANTS. NO COURT CONFIRMATION.

RENT ROLL
A) 2 BEDROOM, 1 BATHROOM UNIT   $2,422.80 PER MONTH + $100 FOR GARAGE
B) 1 BEDROOM, 1 BATHROOM UNIT   $2,282.80 PER MONTH
C) 1 BEDROOM, 1 BATHROOM UNIT   $2,282.80 PER MONTH
D) 2 BEDROOM, 1 BATHROOM UNIT   $2,464.37 PER MONTH
E) 1 BEDROOM, 1 BATHROOM UNIT   $2,282.80 PER MONTH
F) 1 BEDROOM, 1 BATHROOM UNIT   VACANT
LAUNDRY (OWNED) APPROXIMATELY $50-$75 PER MONTH.

AROUND 2025, A WATER LEAK AND REMEDIATION OCCURRED IN UNIT D. A COMPLAINT WAS FILED BY TENANT AND TRUST IS BEING DEFENDED BY INSURANCE COMPANY PERSUANT TO A RESERVATION OF RIGHTS.

LEASES, SEISMIC RETROFIT, INCOME AND EXPENSES, WATER DAMAGE RESTORATION INFORMATION AND CULVER CITY BUILDING RECORDS REPORT AVAILABLE UPON REQUEST.

LOT SIZE:   7,838± SQ. FT.

ZONED:   CCR4YY    SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

NEWMAN 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:   $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:   WEDNESDAY, DECEMBER 3 & 10 (10:00 A.M.-12:00 P.M.) & HALF 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.