Bankruptcy Sale - 33 Unit Apartment Building Los Angeles, CA

• Prime Hollywood location just south of Franklin, directly across from Scientology Celebrity Centre
• 17,095sf total building area on 18,513sf lot
• 33 Units with a mix of (20) singles, (9) 1BR, (3) 2BR, (1) 3BR
• Potential for expansion/ADU
• 33 Parking spaces behind gated entrance
• Center courtyard and on-site laundry room
• Walking distance to many amenities, dining and entertainment

 

Opening Bid - $5,175,000

(final sale subject to Trustee and Bankruptcy Court approval)

 

Sold in association with ThreeSixty Asset Advisors

DRE License 01850659

Directions:

From 101 Freeway, exit Gower St., south on Franklin to Tamarind Ave.

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Tiffeny Cook

Tiffeny Cook: Tranzon Asset Strategies

888-314-1314 tcook@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

• Buyer's Premium: 4% Buyers Premium based on the high bid.
• Closing: All sales must close within fifteen (15) days of the finality of the order confirming the sale
• Deposit Amount: 10% deposit with a minimum deposit of $100,000 in cashier's check made payable to "Sam S Leslie, Trustee for Montejo, case no.: 2:24-bk-17786-NB".
• Buyer Agent Compensation: 1% of the high bid will be paid to a properly registered buyer's agent at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.