Los Angeles land parcel R-3 Zonning Multi-family Start Price USD 121,500.00 Current Price USD 121,500.00 Time Left - Bid Count 0 Buy It Now Price USD 200,000.00 Reserve Price - Start Time Saturday, June 14, 2008 End Time Monday, July 14, 2008 Location Burbank, California See more about 'Los Angeles land parcel R-3 Zonning Multi-family' Description GREAT INVESTMENT. 3-4 Minutes from Down-town LA. Starting bid is 45% of the appraised value of the lot. Starting Price: $ 121,500.00. Up for Auction: A great Multi-family lot in the city of Los Angeles. It is located amid an established community, with a great view, between the 10 Fwy and the 710 fwy with an easy access. APN - 5228-023-009 . ROWAN AVENUE LOT 9, TRACT NO 5920 LOS ANGELES county. Next door to - 3601 DWIGGINS ST LOS ANGELES CA 90063 Utilities - All utilities are on-site (water, sewer, electric, internet, telephone. ....) Street access - Paved street. This lot is in-between, already-existing homes. Zoning - LACR-3. (multi-family zoning) Buyer to verify with the city. Lot size - 6132 SQF. Appraised Value - $275,000.00 by a certify and reputable firm.  I will be happy to email the appraisal upon request. Title - All free and clear.  Policy of title insurance will be provided upon the close of escrow. Title company - Fidelity Title.  Escrow - To be "Escrow Inc" in Burbank CA.  (After working with Marsha one time, you will wont to do all of your transection with her - she is good. )  Escrow deposit: to be made in to escrow with in 5 working days in the amount of not less then 10% of the final bid.  (Example: if the final bid is $200,000.00 then the escrow deposit has to be transferred to escrow in the amount of $20,000.00 with in 5 days of the closing of the auction. Balance - will be before the close of escrow. Escrow to be closed - with in Maximum of 30 days from the closing of this auction. Escrow and title fees - will be divided between the seller and buyer - 50%/50%. Financing - Seller may carry at first positiona, 7% interest only for 18 month, with 50% cash by the buyer .  After the 18 month balloon payment of the balance. Please email me with questions you may have. Or call me at 818-568-8882 AMI Place a Bid!