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   17
For Sale property id: 66523548
USD 1,166,000 Mortgage Calculator
USD 1,166,000
11611 Burbank Blvd, North Hollywood, California, United States
  • 5 bedrooms
  • 4 bathrooms
  • 281.87 m²
  • Land Size
    607.77 m²
  • Completion Year
    1949
  • No. of Storeys
    2

Description

Probate Sale. Subject to Court confirmation and overbidding in Court. Sale confirmation is scheduled for Mon., December 19, 2022 at 8:30am, in Dept. 2D at DTLA Court located at 111 N. Hill St., Los Angeles, CA 90012. Asking 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, or $116,600.00, payable to "Ellie Page, as Administrator, with limited authority, of the Estate of Raffic George Mikaelian".

For sale AFTER 38 years! Excellent opportunity to own 3 units, with potential to legalize the 4th unit in the back. Owner started the work on converting the garage into a 4th unit, but did not do it with permits. Large two-story owner's unit (3 bedroom 2 bath) in the front, is currently occupied by the wife of the deceased owner, who has agreed to vacate the unit no later than 30-days after close of escrow. Subject agreement is in writing with a conditional stipulation for entry of Judgment (possession) in case the occupant fails to vacate as agreed. One of the existing legal 1 bedroom units is currently vacant, and will be delivered vacant at close of escrow. The other 1 bedroom unit is leased to a long-term Section 8 tenant at $983 per mo. Financials are Projected, assuming market rent for the Owner's unit (=$5,000/mo.), and the vacant unit (=$1,500/mo.). All units separately metered for gas and electricity. Low maintenance. Each unit has its own separate water heater and washer & dryer hook-up. Priced to sell. Desirable North Hollywood location, close to NoHo Arts district, and easy access to I-101, I-170, & I-134. Property is being sold AS IS and WHERE IS. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.

Property Features

interior

  • Cooling & Heating
    • • Fireplace
  • Windows
    • • Casement Windows
  • Floor Type
    • • Tile
    • • Carpet
    • • Floor Type Other
  • Kitchen
    • • Gas Stove
    • • Range Hood
    • • Microwave
    • • Fridge
  • Bathrooms
    • • Bath
    • • Shower
    • • Toilet

exterior

  • Exterior Features
    • • Garage
    • • Balcony
  • Flooring Features
    • • Balcony
  • Driveway
    • • Paved
    • • Cement

What's Nearby?

general
Cell / Mobile Reception
Internet Access
Safe and Sound
Peace and Quiet

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