416 N Hobart, Los Angeles, CA 90004

Property Description

TRUST SALE / SHORT SALE – MAJOR FIXER / REHAB OPPORTUNITY – SOLD STRICTLY AS-IS A LEGAL 2 DWELLINGS Trust sale and subject to short-sale lender approval. Trustee has not occupied the property and has limited knowledge regarding its present condition. Property is currently occupied by an unauthorized occupant. Eviction proceedings have commenced and the occupant has been served. No representation or guarantee is made regarding the timing or outcome of the eviction proceedings or when the property will be available for possession. Buyer to independently investigate and verify occupancy and possession matters. Property requires substantial rehabilitation. Reported and/or observed conditions include significant plumbing problems with major leaking beneath the subfloor, water-related damage, possible mold, roof repairs/replacement, and additional repairs throughout the property. The full extent of damage and required repairs is unknown. Property is being sold STRICTLY AS-IS, WHERE-IS, WITH ALL FAULTS. Seller/Trustee will make no repairs or provide repair credits. Buyer is responsible for all inspections and investigations and for independently verifying property condition, plumbing, roof, subfloor, water intrusion, possible mold, structural components, electrical, HVAC, permits, square footage, occupancy, and all other matters affecting the property. SHORT SALE: Purchase price and all terms are subject to approval by the seller's lender(s) and any other required lienholders. Short-sale approval is not guaranteed.