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| NOTICE OF JUDICIAL SALE | |||
| Under an Amended Judgment and Order of Sale entered March 31, 2009 in the United States v The Taxpayer, et al, the United States will offer to sell at public auction property located at 1435 S. Union Avenue, Los Angeles, California 90015. | |||
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| Date: | 8/26/2009 | ||
| Time: | 11:00 AM | ||
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| Bidder Registration Time: | 10:30 AM | ||
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| Sale Location: | Los Angeles County Courthouse at 111 N. Hill Street, Los Angeles, California 90012 (in the courtyard between the Courthouse at 1st and Hill and the Hall of Administration at Temple and Hill (behind the Starbucks). | ||
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| Title Offered: | Contact Karola Jenkins, PALS | |
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| Description of Property: | County assessor description: Two-story apartment unit with second single story unit, 7,066 square feet of living area with 10 bedrooms, 13 bathrooms on a 7,066 square foot lot. Information per public records and has not been verified. | ||
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| Legal Description: | Book 15, page 44 of Miscellaneous Records in the Office of the County Recorder, Los Angeles County. Together with all interest in and to that certain oil and gas lease dated July 30, 1968 and recorded September 4, 1968 in Book M 2974, page 230, Official Records. APN: 5135-018-015. Commonly known as 1435 S. Union Avenue, Los Angeles, California 90015. | ||
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| Minimum Bid: | $594,000.00 | ||
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| Click here for photos of property | |||
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| The Terms of Payment: | The terms of sale to all persons and parties bidding sale be CASH. The successful bidder shall be required to deposit with the Property Appraisal and Liquidation Specialist cash or cashier’s check equal to twenty percent (20%) of the bidder’s total bid immediately upon the property being struck off and awarded to such bidder as the highest and best bid. Before being permitted to bid at the sale, bidders shall display to the Internal Revenue Service proof that they are able to comply with this requirement. No bids will be accepted from anyone who has not presented proof. The remaining eighty percent (80%) of said bid price to be paid on or before 5:00 pm, within three days of the date of sale. Payment of the balance of the purchase price must be made by certified or cashier’s check payable to the United States Treasury Department. Should the successful bidder fail to comply with the terms of the sale, such bidder shall be liable to the United States for twenty percent (20%) of the value of the property as a penalty, and said deposit shall be paid over and delivered to the United States to be applied toward payment of said penalty. Payment of said penalty shall not be a credit on the judgment of the United States. The realty shall again be offered for sale, under the terms and conditions of the judgment or decree. The United States may bid as a creditor against its judgment without any tender of cash. The government reserves the right to reject and any and all bids. |
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| Form of Payment: | Cash or cashier´s check payable to the United States Treasury Department. | ||
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| For additional information about the property and proposed sale, please contact the following office: | |||
| Name: | Karola Jenkins | ||
| Title: | Property Appraisal and Liquidation Specialist | ||
| Bureau: | Internal Revenue Service | ||
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300 N. Los Angeles St. Stop 5850 Los Angeles, CA, 90012 |
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| Phone: | (213) 576-4380 | ||
| Email: | Karola.Jenkins@irs.gov | |
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| Available images for this Item | |||
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| Front view of property | |||
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| Front view of property | |||
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| Back view of property | |||
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| For additional information, please contact Karola Jenkins | |||
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