5759 Satsuma Avenue, North Hollywood, CA 91601

Property Description

PROBATE SALE SUBJECT TO COURT CONFIRMATION ON SEPTEMBER 15, 2023. DEPT 29, 8:30 a.m. SUPERIOR COURT OF CALIFORNIA, COUNTY OF LOS ANGELES. 111 NORTH HILL STREET, LOS ANGELES, CALIFORNIA 90012. ESTATE OF DONOVAN LINDO. THE TERMS OF SALE SHALL BE "AS IS," WHERE IS,' AND WITH ALL FAULTS." SELLER IS EXEMPT FROM PROVIDING A TRANSFER DISCLOSURE STATEMENT AND SHALL NOT BE REQUIRED TO PROVIDE SAME. SELLER SHALL MAKE NO REPAIRS. BUYER MAY BE OVERBID AT COURT CONFIRMATION HEARING. NO FINANCING CONTINGENCIES. SUCCESSFUL BIDDER/BUYER MUST CLOSE ESCROW WITHIN 10 DAYS OF COURT CONFIRMATION. SELLER SELECTS ALL SERVICES. BUYER AT BUYERS EXPENSE SHALL BE RESPONSIBLE FOR REMOVAL OF ALL DEBRIS & ALL PERSONAL PROPERTY LEFT ON PREMISES. IN ORDER TO OVERBID, BUYERS MUST HAVE 10% CASH OR A CASHIER'S CHECK OF THE AMOUNT THEY INTEND OVERBID AT THE COURT HEARING. FORMULA FOR OVERBIDS: a. Original bid: $855,000.00 b. 10% of first $10,000 of original bid:$1.000.00 c. 5% of (original bid minus $10,000): $32,750.00 d. Minimum overbid (a + b + c) $888,750.00. Historic Opportunity. Legend is that home belonged to a legendary Western Silent Movie Film Star. The home was moved on site from a previous location some where around 1925. The home is an Original with Era Appropriate designs and systems. It is entirely different from surrounding homes in the neighborhood. It is like stepping back in time and a definite must see. It is a sprawling single story 1776 square foot home from an era when they built things into the structure instead of buying furniture. Hidden feature is the large unfinished Attic with 2 Dormer Vents. An extra long brick driveway leads to carport type structure at rear of property and provides plenty of off street parking. Landscape and fenced front, back and side yards enhance abundant outdoor space with ambience of yesteryear. Huge 7,439 corner lot. Options include accessory dwelling unit/ ADU, expansion, restoration or repurposing this valuable location. You will be close to both the Toluca Lake and No Ho lifestyle. Many up style projects in progress nearby. Take a drive around the neighborhood and note all the things to do, places to go & upscale remodels.