Duplex on large Industrial zoned parcel. Potential for a contractor to live and work with outside storage or extra large gated parking area. Former landscaping company lived in one unit and officed in the other or extra income. Potential Owner-User service industry or redevelopment. Adjacent to the 10 Freeway Off Ramp, 1-Block From the 10 Freeway On-Ramp at Robertson Blvd + National Blvd. The court confirmation and overbid hearing will be held on January 31, 2025, at 8:30am in Department 205 of the Beverly Hills Courthouse, 9355 Burton Way, Beverly Hills, California 90210. To participate, all potential bidders must be prequalified at least 48 hours in advance of the hearing by presenting the Referee (i) a signed copy of the Rules for Confirmation and Overbid Hearing, (ii) a $25,500.00 deposit via wire transfer or a cashier's check made payable to Orange Coast Title Company, and (iii) proof of funds in an amount equal to or greater than the highest amount the bidder is willing to bid. Bidders that do not present these items at least 48 hours prior to the hearing may not be allowed to participate. All unsuccessful bidders will have their $25,500.00 deposits returned promptly following the hearing. The original offeror executed documents to purchase the Property for $850,000.00 (the "Purchase Agreement"). A copy of the Purchase Agreement will be provided to all qualified bidders. Any overbids are to be on the same terms and conditions as those in the Purchase Agreement except as to: (a) price; (b) no due diligence; (c) no financing provision and/or financing contingency; (d) no inspection contingency; and (e) no contingency removal time. The bidder with the highest offer accepted must sign and agree to the terms and conditions in the Purchase Agreement, excluding exceptions (a) through (e) noted above. If the Court-confirmed all-cash bidder ("Buyer") does not timely close the sale within 20 days of issuance of a court order confirming the sale of the Property to Buyer, through no fault of the seller, then Buyer's $25,500.00 deposit (otherwise to be applied toward the purchase price) shall be non-refundable and forfeited without further court order and without further notice to Buyer. The escrow holder shall automatically terminate escrow without Buyer's signature and without further court order and immediately release the forfeited deposit funds to the Referee's trust account for this matter without further court order.

Listed By CRMLS_CA / Lance Levin / Lancelot Residential

Last checked: Checking… • Last updated Mar 5, 2025 • Source: CRMLS_CA

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