TRUST SALE  –  FIXER

DUPLEX  –  LOS ANGELES

BROCHURE #959

NO COURT CONFIRMATION

LOCATION:   958 S. BERNAL AVENUE, LOS ANGELES, CA 90023  APN 5188-022-026

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 635, B-7. EAST OF 5 FREEWAY. NORTH OF LORENA STREET.  SHOW ME A MAP

DESCRIPTION:   DUPLEX. 1 BEDROOM, 1 BATH LOWER UNIT INCLUDES A LIVING ROOM, KITCHEN & SERVICE AREA WITH WASHER/DRYER HOOKUP. 2 BEDROOM, 1 BATH UPPER UNIT. DETACHED GARAGE. GRASS BACKYARD. 2 GAS & 2 ELECTRIC METERS. MONTH TO MONTH LEASE COVERS ALL TENANCY. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR CURRENT BUILDING REQUIREMENTS.THE PROPERTY  WAS CITED BY THE DEPT OF TOXIC SUBSTANCE CONTROL FOR CONTAMINATION FROM THE EXIDE TECHNOLOGIES FACILITY IN VERNON. BUYERS SHOULD CHECK WITH THE DEPARTMENT OF TOXIC SUBSTANCE CONTROL FOR CURRENT CLEANUP STATUS (MEDIHA JAMAL (323) 803-2518 MADIHA.JAMAL@DTSC.CA.GOV). SAMPLE REPORT & RELATED CORRESPONDENCES AVAILABLE UPON REQUEST. GREAT FIXER OPPORTUNITY. DO NOT DISTURB OCCUPANTS. PERSONAL PROPERTY NOT INCLUDED IN SALE. NO COURT CONFIRMATION.

INCOME:   $1,350. PER MONTH (ENTIRE PROPERTY). MONTH TO MONTH LEASE AVAILABLE UPON REQUEST.

LOT SIZE:  5,910± SQ. FT.

ZONED:   LA RD2          SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ARZATE 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:   $10,000 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.