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Spectacular West Malibu (Ventura County) Location.
One of the most storried surf spots in the world
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Auction Date:
Sunday, February 13th , 2005 11;00 A.M. PST |
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Auction Location: On Site
11861 Ellice St. (Unit # F ) Malibu (Ventura Co.), CA 90265 |
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Open Houses:
Every Saturday from 11:00 A.M. to 4:00 P.M. |
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| FACTS AND FIGURES |
| Location |
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Spectacular West Malibu (Ventura County) location. One of the most storried surf spots in the world. |
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| Bedrooms/Baths |
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2 Bedrooms , 1-1/2 Baths |
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| Square Feet |
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1,000 sq.ft. (+/-) |
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| APN # |
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700-0-110-475 |
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| Legal |
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Tract 363500 Lot 1, Ref 99 MR 62 Unit #3 |
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| Parking |
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One (1) car garage and One (1) off-street parking |
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Home Owners
Association Dues |
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Only $155.00 per month.
Six (6) Townhouses in Building. |
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| TERMS AND CONDITIONS OF AUCTION |
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If you care to be a spectator only, you are more than welcome. If you intend to be an active bidder please note Auction Deposit Requirements .
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| Auction Deposit |
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To obtain a bidding number, every bidder MUST present a Cashier’s Check in the amount of $50,000.00 drawn on a California Bank, and made payable to: The Piatelli Company, Trust Account
(No Personal Checks Please)
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| Terms of Sale |
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All Cash at close of thirty ( 30 ) day escrow
Buyer to obtain own financing. Financing Is NOT a contingency.
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| Escrow |
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Beverly Hills Escrow , 118 So. Beverly Drive, Beverly Hills,CA 90212 will convey the Grant Deed.
Escrow cost will be shared Fifty/Fifty (50/50) between Buyer and Seller.
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Title Insurance
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First American Title will issue a Standard Policy of Title Insurance
to the new buyer in the amount of the high bid insuring the property
to be free and clear of all Monetary Liens , to be paid for by Seller. |
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| As Is |
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As in all auctions, this property is being sold “ AS IS “ with only a
Guarantee of GOOD TITLE.Any serious prospective bidder is invited to have their inspectors make an inspection of the premises.
Call auctioneers for appointment.
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| Deposit Receipt and Preliminary Title Report |
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Immediately at the conclusion of the auction, the High Bidder will be required to sign and approve the Deposit Receipt and Preliminary Title Report and no further instructions will be necessary to close escrow.
All Documents ( Deposit Receipt and Title Report ) will be available at open houses and auctioneers offices for review before the auction.
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| Broker Cooperation |
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For the past 40 years, we have encouraged all Brokers to bring their
Clients to any of our auctions.
Two and a Half Percent ( 2-1/2 %) commission will be paid to the Licensed California Broker who represents the successful buyer, who MUST register the buyer at least 48 hours prior to the auction and MUST attend the auction with the buyer.
A broker cannot act as a principal and a broker on the same transaction.
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| Buyer's Premium |
| A Six Percent (6%) Buyers Premium will be added to the High Bid. |
| Questions |
| Call Auctioneers with any questions you might have.
THE PIATELLI COMPANY
Real Estate Auctioneers in Los Angeles
for over Half a Century
OFFICE PHONE 310-440-8881
FAX 310-440-8895
Fred Havens ( Cell ) 310-922-4650
email: fred @ piatelli.com
Mario Piatelli (Cell) 310-228-8543
email: mario @ piatelli.com
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