TRUST SALE  – REDONDO BEACH

3 UNITS

SATURDAY, NOVEMBER 15 @ 10:00 A.M.

SALE AT SITE

BROCHURE #548

DO NOT DISTURB OCCUPANTS

NO COURT CONFIRMATION

LOCATION:   110 N. PROSPECT AVENUE, REDONDO BEACH, CA 90277  APN 7518-004-006

DIRECTIONS:   SOUTH OF DEL AMO BLVD. NORTH OF TORRANCE BLVD.  SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO BUY 3 UNITS IN THE HIGHLY SOUGHT AFTER CITY OF REDONDO BEACH. ONE OF SOUTH BAY’S MOST DESIRABLE CITIES. THE PROPERTY FEATURES (2) 3 BEDROOM UNITS AND A (1) 1 BEDROOM UNIT SITTING OVER A 2 CAR DETACHED GARAGE. LEASES AVAILABLE UPON REQUEST. COVENANT FOR 1 BEDROOM UNIT, PROPERTY INSPECTION REPORT AND CITY OF REDONDO BEACH BUILDING RECORDS REPORT AVAILABLE UPON REQUEST. NO COURT CONFIRMATION.

INCOME:
110 N. PROSPECT AVE, UNIT A  –  3 BEDROOM, 2 BATHROOM UNIT  $3,075 PER MONTH
110 N PROSPECT AVE. UNIT B  –  3 BEDROOM, 2 BATHROOM UNIT  $1,605 PER MONTH
110 N. PROSPECT AVE. UNIT C  –  1 BEDROOM, 1 BATHROOM UNIT  $2,175 PER MONTH

LOT SIZE:   6,425± SQ. FT.

ZONED:   RBR3         SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

JOHNSTON 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 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:   SATURDAY, NOVEMBER 1 & 8 (11:00 A.M.-2:00 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.