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.