COURT OVERBID DATE: September 15th, 2021 at 9:00 AM.
LOCATION: Courtroom 1575, 255 E Temple Street. Los Angeles, CA 90012. (Hearing likely to be held by Zoom. Qualified Overbidders should contact counsel for Trustee or Broker for information the afternoon on the day prior to the hearing)
INITIAL OVERBID PRICE: $835,000, and bidding, if any, shall proceed in increments of a minimum of $5,000.
COURT OVERBID PROCEDURE (if any): $25,050 deposit plus proof of funds to qualify; bidder must agree in writing to terms of purchase agreement attached to Motion; First overbid to be no less than $835,000 with next overbid to be $840,000. Subsequent overbids in increments of $5,000. Deposit is non-refundable if bid is accepted and approved by Court; No contingencies. Deposit, proof of funds and agreement to be bound by purchase agreement to be delivered to counsel for Trustee at 333 South Grand Avenue, Suite # 3400, Los Angeles, CA 90071
The Bankruptcy Division of MVP Commercial Investment Real Estate of Keller Williams Silicon Beach is pleased to present this unique Land Opportunity located in the San Fernando region of Los Angeles located at 9277 Elben Place. Sun Valley, CA 91352 zoned for Agricultural and Single Family Residence use.
The site consists of the following vacant land parcels (APN # 2545-022-002, APN # 2545-022-003, and APN # 2245-022-004) totaling approximately 60.88 acres. The lots are zoned LAA1 (Light Agricultural) permitting the following uses: Single Family Residences, Crops (field, tree, bush, berry, row and nursery stock), Greenhouses, Livestock: raising of cattle, horses, sheep, goats, birds, etc. (BUYER TO VERIFY).
The property is located in the Sun Valley region of Los Angeles which is at the base of the Verdugo mountains directly from La Tuna Canyon Rd. The lots are located just northwest of the city of Burbank, south of Shadow Hills, and just west of Panorama City in close proximity to the 210 and 5 Freeways.
1. Bankruptcy Court Sale Subject to Court Overbid and Approval Process
2. All Offers are Subject to an Overbid Process
3. Bankruptcy Court Case # 2:20-bk-13673-SK
4. Property is being Sold “AS-IS, WHERE-IS” without Representation or Warranties
