THE COURT OVERBID DATE FOR 22634 MAPLE IS JUNE 6TH AT 8:30AM IN DEPARTMENT S26 AT THE LONG BEACH COURTHOUSE LOCATED AT 275 MAGNOLIA AVE, LONG BEACH CA. THE FOLLOWING LEGAL DESCRIPTION: TRACT NO. 22796, IN THE CITY OF TORRANCE, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 701 PAGES 90 THROUGH 93 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, SAID LAND BEING A SUBDIVISION OF THE SURFACE AND THAT PORTION OF THE SUBSURFACE OF A PORTION OF TRACT NO. 2200, AS SHOWN ON MAP RECORDED IN BOOK 26 PAGES 19 AND 20 OF MAPS, WHICH LIES ABOVE A PLANE 450 FEET BELOW THE MEAN LOW WATER LEVEL TO THE PACIFIC OCEAN AS SAID MEAN LOW WATER LEVEL IS ESTABLISHED BY UNITED STATES COAST AND GEODETIC SURVEY BENCH MARKS LOCATED AT THE INTERSECTION OF PACIFIC COAST HIGHWAY AND HAWTHORNE AVENUE, IN THE CITY OF TORRANCE, IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA. THE PROEPRTY WILL BE SOLD BY WAY OF COURT CONFIRMATION AND OVERBID HEARING. BUYERS MUST BE PREQUALIFIED PRIOR TO THE HEARING. CALL SCOTT YAHRAUS AT (310) 552-9064 FOR DETAILS. THIS NOTICE IS GIVEN PURSUANT TO C.C.P. 568.5
A thirty-five and one quarter (35.25%) percent membership interest in ADS Associates, LLC, which owns a TIC Interest in the industrial building “PacSun Distribution Center” 21800 West 167th Street, Olathe, Kansas 66062 HIGHLIGHTS HIGHLIGHTS THE Operating Agreement OF ADS Associates, LLC a Kansas Limited Liability Company WAS CREATED November 1, 2000 THERE IS ONE MANAGING MEMBER & SEVEN OTHER MEMBERS (INCLUDING THE SELLER) 35.25% INTEREST IN THE LLC IS BEING SOLD. THE PROPERTY WAS PURCHASED FOR $19,390,000 IN 2017 LONG-TERM TENANCY PROPERTY IS 100% LEASED. APPRAISED VALUE AS OF MARCH 2017 was based on a 7.5% Cap Rate TENANT - PACIFIC SUNWARE “PacSun” IS A PUBLICLY TRADED COMPANY WITH REVENUES OF $780 MILLION • 15 YEAR INITIAL LEASE TERM • 4 (5) YEAR OPTIONS • TRIPLE NET LEASE • The property is PacSun’s sole distribution facility for the United States for its retail stores and ecommerce customers.
6 beds 5 baths 3,554 sqft Auction Date: Starting bid $425,000 AUCTION – November 27th Bankruptcy Court Sale Great opportunity with two houses on 2 acres on flat usable land. Live in one unit and rent the other. Per zoning, buyer(s) have the option of subdividing into 4 separate parcels and building 2 additional homes. Other income opportunities include animal corals/boarding and RV Rentals. Great location in a thriving city slated for future developments, hospitality, and commercial shopping centers. This property also includes the following address - 12446 15th St. Manufactured home in the front is a gorgeous immaculately kept 4 bedroom, 3 bath with an indoor laundry room. Unbelievable master bath. Very spacious rooms. This home has many upgrades. Back house is a charming farm style home with 4 bedrooms, 2 full baths and an indoor laundry room. 3 car detached garage with plenty of space. Buyers to do their due diligence per intended use and permits. Bankruptcy court confirmation and overbid required A 7% Buyer’s Premium will be added to the final bid price Facts and Features Single Family Year Built 1954 Heating Forced air Cooling Central Lot 2 acres Bedrooms 6 Floor size: 3,554 sqft 2 acres School district: Yucaipa/Calimesa Unified HighSchoolDistrict: Yucaipa/Calimesa Unified Detached Garage, 3 spaces, 600 sqft garage Utilities Water Source: Public Sewer: Septic
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