TRUST SALE  –  VALLEY VILLAGE

3 HOMES ON 2 LOTS (25,797± SQ. FT)

BROCHURE #306

NO COURT CONFIRMATION

LOCATION:
12354 ADDISON STREET, VALLEY VILLAGE, CA 91607  APN 2356-025-050
12356-12358 ADDISON STREET, VALLEY VILLAGE, CA 91607  APN 2356-025-051

DIRECTIONS:   NORTH OF 101 FREEWAY. SOUTH OF MAGNOLIA BLVD.. SHOW ME A MAP

DESCRIPTION:   RARE OPPORTUNITY TO PURCHASE 2 PARCELS OF LAND TOGETHER AS ONE SALE, TOTALING 25,797± SQ. FT. IN THE HIGHLY DESIRABLE STUDIO CITY ADJACENT AREA OF VALLEY VILLAGE. THE PROPERTIES CONSIST OF 3 DETACHED, 2 BEDROOM, SINGLE FAMILY HOMES, 2 OF WHICH ARE RENTED ON A MONTH TO MONTH BASIS. POSSIBLE DEVELOPMENT SITE. BUYER TO CHECK WITH TH CITY FOR CURRENT BUILDING RESTRICTIONS/REQUIREMENTS AND VERIFY ALL PERMITTED IMPROVEMENTS. LEASES AVAILABLE UPON REQUEST. OWNER PASSED AWAY IN 12354 ADDISON STREET.

INCOME:
12354 ADDISON STREET  –  2 BEDROOM, 1 BATHROOM. (VACANT))
12356 ADDISON STREET  –  2 BEDROOM, (1) ¾, (1) ½ BATH. $2,500 PER MONTH (MTM)
12358 ADDISON STREET  –  2 BEDROOM, 1 BATHROOM. $2,250 PER MONTH (MTM)

LOT SIZE:   APN 2356-025-051 (12356 & 12358 ADDISON STREET) 17,203± SQ. FT.
APN 2356-025-050 (12354 ADDISON STREET)  8,594± SQ. FT.

TAXES:   PROPOSITION 13

ARLEIGH CASTLE 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.

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.