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sale information for:
10 Unit Apartment Building | 5370 Edna Street Los Angeles, CA

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10 Unit Apartment Building | 5370 Edna Street Los Angeles, CA

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For Sale $2,099,000

Property Information:

COURT ORDERED SALE
10 Unit Multi-Family Property Located at
5370 Edna Street, Los Angeles, CA

INVESTMENT HIGHLIGHTS
• List price is $2,099,000
• Gross Rent for 2019 thru December 31st is estimated to be $94,250.64
• No vacancies
• Tenants are month to month
• Rents paid may be under market
• Landlord pays for Water and Trash
• Retrofit required by City of Los Angeles
• Property will be sold as is
• Court Ordered Receiver Sale

• Assessor’s Parcel Number: 5220 010 013
• Lot Size: 8,029 SF
• Square Footage of Building: 6,856 SF
• Year Constructed: 1964
• Number of Stories: 2
• Parking 10 spaces | 5 in carport, 5 open

DUE DILIGENCE INFORMATION AVAILABLE IS:
• Title Report
• Tenant Leases
• City of Los Angles Earthquake Retrofit Information
• Financial Statement through September 2019
• A copy of the Receiver’s court appointment order and an addendum of seller’s terms and condition (“Seller’s Addendum”) will be provided

SALE INFORMATION
• Buyer will present offer on a CAR commercial purchase and sale agreement with the signed Seller’s Addendum
• Buyers are required to provide proof of funds to close with offer
• Buyers may obtain a loan
• Buyer to deposit 3% of the purchase price into escrow, balance at closing
• 30 day escrow period or less after court confirmation
• All offers are subject to a court confirmation
• Upon court confirmation, Seller shall deposit order confirming sale into escrow
• Seller will determine Escrow and Title Companies
• Property is sold in As Is condition and will not make any repairs
• The Receiver is selling the Property free and clear of liens but in As Is condition or basis by Quitclaim Deed without limitation representation or warranties as to title, city or government agency notifications regarding work to be done, marketability of title, ownership, physical condition, state, city, federal statues, codes, ordinance or regulations, zoning, suitability for improvements on the property, or sub-divisibility of the Property
• It is the Buyer’s responsibility and sole expense to install all smoke detectors required by law. The Receiver is not required to deliver to the purchaser a written statement of compliance with any applicable state and local law. The Buyer shall at Buyer’s sole expense, obtain any and all pest control inspection repairs that Buyer deems appraisal and if any local ordinance
• If any local ordinance requires that the Property be brought into compliance with minimum energy conservation standards as a condition of sale, the Buyer shall comply with and pay for these requirements at the Buyer’s sole expense
• Cooperating Brokerage commission is 2%
• Email: Todd@Braunco.com
• Phone: 310.798.3123 x100