PROBATE SALE, Subject to Court confirmation and over-bidding in Court. Sale confirmation scheduled for Wed., January 19th, 2021 at 8:30 am, in Dept. 29 at DTLA Court located at 111 North Hill Street, Los Angeles, CA 90012. Asking price is the 1st minimum overbid amount. All interested over-bidder must be present in the court with a cashier's check for at least 10% of the minimum overbid amount, or for at least $110,300.00, payable to "Jeffrey Siegel, Conservator of the Person and Estate of Janet Thomsen". For Sale AFTER 50 years! One of the lowest price per square feet property on a corner lot in the highly desirable Rancho Adjacent neighborhood of Burbank. 3 bedroom 2 bath house with detached 2-car garage. Big lot may allow developing two ADUs. Buyer to investigate. Property is in need of repairs and updating. There was an accidental death inside the house around Dec. 14, 2020. Current occupant(s) are not renters, are not cooperative, and hence interior cannot be shown at this time. An unlawful detainer action has been filed on them 1st week of October 2021. Probate sales requiring Court confirmation usually take 3-4 months from when an offer is accepted. Court-appointed Trustee will diligently continue with the unlawful detainer action, but cannot guarantee the outcome, or a resolution, before scheduled close of escrow. If escrow is ready to be closed, and the unlawful detainer action is still pending, the Trustee will assign all rights over to the buyer. Trustee cannot guarantee to deliver the property vacant by close of escrow. Buyer has to agree to close the subject transaction, without any extensions, due to the pending unlawful detainer action. Close to Warner Bros., Hollywood Studios, all shopping, entertainment, and restaurants the area has to offer. Opportunity to convert this property into the gem it can be. Seller is a Court appointed fiduciary and cannot make any representations as to the condition and history of the subject property. Property is being sold "As Is" and "Where Is". Buyer to conduct their own investigations.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
