TRUST SALE – FIXER
COMMERCIAL BUILDING – LOS ANGELES
BROCHURE #854
NO COURT CONFIRMATION
LOCATION: 4616 S. BROADWAY, LOS ANGELES, CA 90037 APN 5110-008-029
DIRECTIONS: THOMAS GUIDE (L.A. COUNTY) P. 674, C-4. EAST OF 110 FREEWAY. SOUTH OF VERNON AVENUE. SHOW ME A MAP
DESCRIPTION: COMMERCIAL BUILDING LOCATED ON HIGH TRAFFIC SOUTH BROADWAY IN SOUTH LOS ANGELES. THE BUILDING FEATURES A LARGE MEETING SPACE, (2) ½ BATHS AND 2 ADDITIONAL MEETING ROOMS. OUTDOOR FENCED BACKYARD. BUILDING CURRENTLY RENTED TO A CHURCH & WILL BE VACANT AT CLOSE OF ESCROW. LEASE & AGREEMENT TO VACATE AVAILABLE UPON REQUEST. CITY OF LOS ANGELES VIOLATIONS/SUBSTANDARD NOTICES AVAILABLE UPON REQUEST. BUYER WILL BE RESPONSIBLE TO CORRECT ALL VIOLATIONS AND COMPLY WITH ALL NECESSARY PERMIT REQUIREMENTS TO OBTAIN A CERTIFICATE OF OCCUPANCY AFTER CLOSE OF ESCROW AT BUYER’S EXPENSE. DO NOT DISTURB OCCUPANTS. PERSONAL PROPERTY NOT INCLUDED IN SALE. GREAT INCOME/OWNER USER COMMERCIAL PROPERTY. NO COURT CONFIRMATION.
INCOME: $2,000. PER MONTH.
LOT SIZE: 6,434± SQ. FT.
ZONED: LA C2 SUBJECT TO GENERAL PLAN CONFIRMATION
TAXES: PROPOSITION 13
SOMMERVILLE/BLACKSHEAR 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 TRUSTEES.
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.