1022 Grant Street

Probate sale, subject to Court confirmation and overbidding in Court. An Offer has been accepted by the Seller and Submitted to the Probate Court. Sale confirmation is scheduled for Weds Feb. 28th, at 8:30 am in Dept. 67 at DTLA Court located at 111 North Hill St., Los Angeles, CA 90012. The 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 (=$2,021,750), 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. 4 of the 5 of the units will be delivered vacant. None of the tenants were subject to eviction, relocation, or Ellis Act. The units can be rented out with no restrictions after the re-hab. Property is 1 mile to Santa Monica College, SM Airport and the 3rd St Promenade. There are (3) 2BR/1BA units, & (2) 1BR/1BA units. The units are spacious, and well laid out with lots of potential for upgrades. Each unit has its own water heater, and the units are metered separately for gas & electric. There are (5) one-car garages in the rear off the alley with the potential to add 1 or 2 ADU's (check with city for confirmation). There is a laundry room on premises with gas & water hookups. The property is being sold with 1034 Grant, 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.