TRUST SALE  –  SILVER LAKE ADJACENT

4 UNITS

SUNDAY, SEPTEMBER 22 @ 10:00 A.M.

SALE AT SITE

BROCHURE #441

NO COURT CONFIRMATION

LOCATION:   407 N. CORONADO STREET, LOS ANGELES, CA 90026  APN 5157-004-002

DIRECTIONS:   EAST OF VERMONT. SOUTH OF 101 FREEWAY.  SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO PURCHASE A 4 UNIT BUILDING WITH 2 REMODELED, VACANT UNITS AND DETACHED GARAGE IN THE HIGHLY DESIRABLE SILVER LAKE/ECHO PARK/FILIPINOTOWN AREA OF LOS ANGELES. 2 VACANT, REMODELED, UPSTAIRS, 3 BEDROOM UNITS, 2 DOWNSTAIRS RENTED UNITS. DETACHED GARAGE WITH POSSIBILITY FOR A.D.U. SEPARATE ELECTRIC AND GAS METERS. BUYERS SHOULD CHECK WITH THE CITY FOR CURRENT BUILDING REGULATIONS, RESTRICTIONS AND PERMITS. EXCELLENT INVESTMENT OPPORTUNITY IN A CENTRAL AREA OF LOS ANGELES. NO COURT CONFIRMATION.

INCOME:
407 N. CORONADO ST.  –  $1,248 PER MONTH. MONTH TO MONTH.
407½ N. CORONADO ST.  –  3 BEDROOM, 1 BATH UNIT. VACANT
409 N. CORONADO ST.  –  $1,248 PER MONTH. MONTH TO MONTH.
409½ N. CORONADO ST.  –  3 BEDROOM, 1 BATH UNIT. VACANT.

OLD LEASES, ESTOPPELS, RENT INCREASE NOTICES AND CASH FOR KEYS CONTRACTS AVAILABLE UPON REQUEST.

ZONED:   LAR3               SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

SHNAYDMAN 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:   SUNDAY, SEPTEMBER 8 & 15 (11:00 A.M.-2:00 P.M.) & ½ 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.