Up for auction is a vacant land of 5 acres in Alpine Butte, CA. This property sits very close to the intersection of E Ave N 8 and 130th St E. The city of Lake Los Angeles is to the east, and the city of Sun Village is to the southwest of this property. Both towns offer various shops, places of worship, and school.
Please research its development potential with the City and place your bid today!
THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $6,900. The interest rate is 8.25% and the duration of the note is 5 years. On a $1 down payment, the monthly payment would be approximately $151/month, including principal, interest and property taxes. There is no prepayment penalty to pay the note off faster.
PROPERTY WILL BE CONVEYED VIA GRANT DEED WITH CLEAR TITLE ONCE THE NOTE IS PAID IN FULL! PLEASE MAKE SURE YOU'RE READY TO FUND THE DOWN PAYMENT BEFORE YOU BID! The following info was provided by Los Angeles County and should be verified prior to purchase.
The down payment (which will be equal to the winning bid) and a deed/note preparation fee of $399 will be due within 3 business days of the auction's close and may be paid by cashier's check, wire transfer, or ZELLE. The note must be signed within 14 calendar days of the auction's close. All monies paid are nonrefundable.
Address:
County:
Los Angeles
Parcel ID:
3078 014 053
Legal Description:
S 1/2 OF NE 1/4 OF NE 1/4 OF SW 1/4 OF SEC 11 T 6N R 10W
Lot Size:
Approx. 5 Acres
Zoning:
580V - Vacant Land
Property Taxes:
Estimated $123 Annually
Still have questions?
Click on "Ask a Question" to ask any questions before you bid.
Auction Disclaimer
All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction.
Thanks for looking and good luck with your investments!
