COURT CONFIRMATION AND OVERBID HEARING ON MONDAY MAY 24 AT 8:30AM. SEE ATTACHED NOTICE OF SALE FOR INSTRUCTIONS ON PARTICIPATING - CALL AGENTS FOR MORE INFORMATION. ON MONDAY, MAY 24, 2021, AT 8:30AM AT THE STANLEY MOSK COURTHOUSE,DEPT 15, 111 N. HILL STREET, LOS ANGELES, CA 90012, THE PROPERTY LOCATED AT 1657-1659 W. 12TH PLACE, LOS ANGELES, CA 90015 WITH THE FOLLOWING LEGAL DESCRIPTION:
The land situated in the City of Los Angeles, the County of Los Angeles, State of California, described as follows: Lot 29 in Block 5 of Williamson Tract, in the City of Los Angeles, County of Los Angeles, State of California, as per Map recorded in Book 12 Page(s) 5 of Miscellaneous Records, in the Office of the County Recorder of said County. Except therefrom all oil, gas, minerals and other hydrocarbon substances, lying below a depth of 500 feet from the surface of said property, but with no right of surface entry, where they have been previously reserved in instruments of record. Assessor's Parcel Numbers(s): 5137-027-022
WILL BE SOLD BY WAY OF A COURT CONFIRMATION AND OVERBID HEARING. THE OPENING BID WILL BE $1,020,000 AND BIDDERS: (1) MUST BE PREQUALIFIED AND PRESENT AT THE HEARING VIA LA COURTCONNECT; (2) PROVIDE A SIGNED VERSION OF THE RULES FOR CONFIRMATION AND OVERBID HEARING; (3) PROVIDE PROOF OF FUNDS AS TO THE BIDDER’S HIGHEST BID AMOUNT; (4) PROVIDE A CASHIER’S CHECK IN THE AMOUNT OF $30,000 AS A DEPOSIT TO BID. All BIDDERS THAT ARE NOT THE WINNING BIDDER WILL RECEIVE THEIR $30,000 DEPOSIT BACK AT THE END OF THE HEARING. PRE-QUALIFIED BIDDERS WILL ONLY APPEAR VIA LA COURTCONNECT ARRANGED THROUGH RECEIVER.
CALL AGENTS FOR MORE INFORMATION
MOTIVATED SELLER! BRING OFFERS! TWO UNITS DELIVERED VACANT! YOU MAY BE ABLE TO BULD TWO ADU'S IN THE BACK DUE TO LARGE LOT. (Buyer to verify with the city). . Your next great investment opportunity awaits! This 4,720 Sq. Ft. Fourplex, located NEAR DTLA, features (2) large 1 bedroom +1 bathroom and (2) large 2 bedroom + 1 bathroom units, and resides on a 6,249 Sq. Ft. lot. This value-add opportunity is just minutes away from Downtown L.A. where employment opportunities, shopping centers, public transportation and entertainment is plentiful. This neighborhood is seeing increased rental rates increasing year over year. This fourplex enables residents to get anywhere quickly due to the fantastic 92 Walk Score where daily errands do not require car and excellent 81 Transit Score for easy access to metro lines. Perfect for an Investor or an Owner/User!
TWO UNITS DELIVERED VACANT- Do Not Disturb Tenants. Please EMAIL Info@TheSeymourGroup.net for more information. This property is being sold by way of a court
appointed receivership per LASC case no: BC691477 and is subject to a court confirmation approval. - Call agents for more details. Sold as is no warranties/guarantees
made. Seller and/or seller's agent makes no representation as to room count, square footage, lot size, etc. Buyer to verify with appropriate entities and satisfy self.