Mixed-Use Property

Auction Details
Sells:  Sells Thursday, March 14, 2023 @ 11:00 a.m. (EST)
Online Auction:  via Zoom
Bid Deadline:  Tuesday, March 12, 2023 @ 5:00 p.m. (EST)
Opening Bid:  $1,585,000
Required Deposit:  Cashier’s check in the amount of $100,000 made payable to “Richard J. McCord as Trustee”

Property Details
Neighborhood: Corona
Corner Lot: 25' X 100' or 2,500 SF
Retail: +/-2,160 Leasable SF
Residential: Four (4) Units: All 1 Bed/1 Bath Units
Living Space: +/- 2,000 Total SF of Residential Living Space
Total SF: +/- 4,160 SF

Tenancy Status
The building is fully occupied and the tenants are all month-to-month. 

Monthly Income
$6,000 Commercial
$950, Unit 2F
$950, Unit 2R
$900, Unit 3F
$0.00, Unit 3R (Super)

Financials
$105,600 Yearly Income
($21,352) Real Estate Taxes
($6,154.48) Insurance
($1,200) Common Area Electric
($8,100) Heat/Hot Water
($2,689.96) Water/Sewer
($2,400)  Super
($8,000) Misc. Repairs/Maintenance
($49,896.44) Total Expenses
$55,703.56 Net Operating Income

Inspections / Showings
By Appointment Only.  This property is fully occupied so please do not disturb the tenants/occupants.  Anyone caught trespassing will be prosecuted to the fullest extent of the law.  

Basic Terms of Sale
This property will be delivered in “as-is, where-is” condition subject to all tenancies. Any sale of this property is non-contingent upon financing. Purchaser to pay all applicable transfer taxes. This property will be sold free and clear of all liens, claims, and encumbrances.  Please see the "DOWNLOADS" section of this listing for the complete Terms & Conditions of Sale.

Disclosure
All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.