Court Auction Information:
Date: June 3, 2022
Time: 8:30am
Dept.: 11
Stanley Mosk Courthouse, 111 N. Hill Street, Los Angeles, CA 90012
The first overbid amount for the Portfolio of 11 Partnership Interests is $2,709,500.00
The Interest being sold is 1% LLC interest. The subject property consists of a three-story apartment building constructed in 1988. The property totals 113 units and a gross-building area of 99,335 square feet. The unit mix consists of 10 studio units, 46 one-bedroom/one-bath units, 7 three-bedroom/two-bath units and 2 three bedroom/three-bath units. There are 242 on-site parking spaces or 2.14 spaces per unit. The improvements are situated on a 65.776 square foot site.
RELATED DOCUMENTS
If interested in more information, print and sign the Non-Disclosure Agreement, email it to Todd Wohl.
HIGHLIGHTS
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- MARKET VALUE AS OF DECEMBER 8 2016: $36,000,000
- THE SELLER IS THE JOSEPH MASCOLO TRUST OF 1997
- LONG-TERM OWNERSHIP
- PROPERTY IS PROFESSIONALLY MANAGED
- LOCATED IN BURBANK, CA
- GROSS BUILDING AREA 99,335 SQ FT
- BUILT IN 1988
- 242 ON-SITE PARKING SPACES
