TRUST SALE  –  MARINA DEL REY

INCOME PRODUCING COMMERCIAL PROPERTY

BROCHURE #837

NO COURT CONFIRMATION

LOCATION:   728 WASHINGTON BLVD, MARINA DEL REY, CA 90292  APN 4229-016-039

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 672, A-6. SOUTH OF ABBOT KINNEY BLVD. NORTH OF OXFORD AVENUE.  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY AN INCOME PRODUCING COMMERCIAL BUILDING WITH PARKING ON HIGH VISIBILITY WASHINGTON BLVD IN THE HIGHLY DESIRABLE COMMUNITY OF MARINA DEL REY. THE EXISTING BUILDING IS CURRENTLY OPERATING AS A DRY CLEANERS UNDER A LEASE. THE BUILDING CONSISTS OF (1) ¾ AND (2) ½ BATHS. ALLEY ACCESS. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY OF LOS ANGELES FOR ALL CURRENT BUILDING REQUIREMENTS & RESTRICTIONS. LEASE & APPRAISAL AVAILABLE  UPON REQUEST. NO PHASE 1 OR PHASE II REPORTS WILL BE PROVIDED. SOLD SUBJECT TO EXISTING OCCUPANCY. DO NOT DISTURB TENANT. NO COURT CONFIRMATION.

INCOME:   $8,288 PER MONTH (LEASE AVAILABLE UPON REQUEST).

LOT SIZE:   7,500± SQ. FT.

ZONED:   LAC2        SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:  PROPOSITION 13

SHANKER 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:   $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