COURT OVERBID DATE: January 30th, 2019 at 11:00 AM. LOCATION: 21041 Burbank Blvd. Court Room 303. Woodland Hills, CA 91367. INITIAL OVERBID PRICE: $1,130,000 and bidding, if any, shall proceed in increments of $1,000. COURT OVERBID REGISTRATION: Cashier's check in the amount of $56,500. Verification of Funds, and Registration Form. Overbidders Must Register with Trustee. Please e-mail Listing Agents for the Overbid Instructions and/or Registration Form. Call Agents with any questions.
MVP Commercial Investment Real Estate of KW Commercial is pleased to present the Delano Street Apartments - a six (6) unit multifamily investment opportunity located in Van Nuys. The property was built in 1955, consists of four (4) Two Bedroom One Bath Units and two (2) One Bedroom One Bath Units, and is situated on a 7,499 SF lot zoned R3. Five of the six units are currently occupied with limited rental income history. The sixth unit has been remodeled, is currently vacant, and is in rent ready condition. Lastly, the property is located in a Designated Qualified Opportunity Zone.
1. Bankruptcy Court Sale Subject to Court Overbid and Approval Process
2. All Offers are Subject to an Overbid Process
3. Bankruptcy Court Case # 1:16-bk-10048-MB
4. Property is being Sold “AS-IS, WHERE-IS” without Representation or Warranties
All units are separately metered for gas and electricity and have individual hot water heaters. There is also an on-site laundry room with washer/dryer hookups where an investor can place their own appliances to generate extra income. Further, there is a newer roof in place, newer Electrical Meters and Breakers, and some updated plumbing. Lastly, there is an electric gate in the front along with 6 carport parking spaces towards the rear of the property.
