Property Description

Probate sale, subject to Court confirmation and overbidding in Court. The Court confirmation hearing is scheduled for Weds. February 28th, 2024, at 8:30 am in Dept. 67 at DTLA Court located at 111 North Hill St. , Los Angeles, CA 90012. The published list price is the 1st minimum overbid amount. All interested over-bidders must be present in the Court with a cashier’s check for at least 10% of the minimum overbid amount (=$225,800.00), payable to the “Estate of Jakob Strack, Marion Nunes, Administrator”. ALL OFFERS MUST BE 100% NON-CONTINGENT. Investors, take advantage of this 5 Unit “Value Add” Apartment building in Prime Sunset Park/Santa Monica. All 5 of the units will be delivered vacant. None of the tenants were subject to eviction, relocation or Ellis Act. Units can be rented out with no restrictions after re-hab . The property is 1 mile to Santa Monica College, SM Airport and the 3rd St Promenade. There is a (1) 2BR/1.5 BA * Owners unit, plus (2) 2BR/1BA & (2) 1BR/1BA units. The owners unit features natural gas heating. There is a beautiful and serene front yard with mature trees, fauna and landscaping. It also has a courtyard in back for entertaining. The 4 units in rear were built in 1958. The units are spacious and well laid out with lots of potential for upgrades. There are separate meters for gas and electric. It has a laundry room with gas & water hookups There are 5 parking spaces in the rear off alley. The property is being sold with 1022 Grant (5 Units) and can be purchased together or separately. This is a Probate Sale and is Subject to Court Confirmation. Please include CAR form PA-PA with all offers. * The 1/2 BA in owners unit may be un-permitted.