Trust Sale. Court confirmation MAY be required. If required, sale will be subject to overbidding in Court. Two adjoined commercial/office/mixed use buildings on Exposition Blvd./Venice Blvd., zoned LAMR1. For sale after 46 years! In the heart of bustling Culver City and Palms/Mar Vista, next to Metro line. Building 1: 9190 & 9200 Exposition Blvd. (APN # 4313-021-036) is a 2 story bldg., built in 1932, with 8 recording studios on the 1st floor made in the last 5 years, without permits. The 2nd floor has a 2 bedroom apartment, and large open space for warehouse/storage/some offices. Potential to convert the 2nd floor to creative office spaces. Building 2: 9214 Exposition Blvd. (APN # 4313-021-035) is a single story building, built in 1922, with 7 sound studios and office space. Excellent income potential. Both buildings are currently vacant and will be delivered vacant at close of escrow. Environmental Phase I (completed July 2023), and Phase II (completed Oct. 2023), concluded no issues discovered and no further assessment is warranted. Both properties are to be sold together to one buyer. Minutes away from I-10, public transportation, shopping centers, restaurants, and recreation. Sold AS IS and WHERE IS. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions or features of the Property. Buyer is advised to independently verify the accuracy of all information through personal inspections and with the appropriate professionals. Seller is an independent fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations, and assume all responsibilities.
*************Buyer acknowledges that the property is an asset of a trust estate of which the Seller, pursuant to Probate Code section 16502, maygive written notice to the Trust beneficiaries of the terms and conditions of the proposed sale of the Property. Each beneficiary will have45 days from the date of mailing of such notice to object in writing to the sale. If any beneficiary objects to the terms of the proposedsale, Seller may either terminate this transaction or elect to file a Petition for Instructions seeking approval of the sale of the Property bythe Superior Court of California on the terms and conditions contained in this Agreement. If Seller elects to terminate this Agreement forsuch reason, Buyer’s deposit shall be returned to Buyer. If Seller elects to seek court approval of the sale of the Property upon suchterms and conditions contained in this Agreement, Buyer agrees to remove all contingencies in writing and extend the date for close ofescrow of the sale to enable Seller to obtain such order of the court. Once Seller has filed the Petition for the confirmation of the sale,there can be no changes to the proposed vesting. If the sale is confirmed by the court, an order confirming sale to Buyer will be issuedby the court. Buyer shall pay the balance of the purchase price within 10 days of Buyer’s or escrow holder’s receipt of such order. If thecourt does not issue an order approving sale of the Property under the terms and conditions of this Agreement, then this transactionshall terminate and Buyer’s deposit shall be returned to Buyer. Buyer to designate vesting in writing within seven days after acceptance of the offer. There can be no changes to vesting from this pointforward. Buyer shall not assign any part of Buyer’s interest in this Agreement. If Seller elects to file a petition with the court to confirm the sale of the Property, Seller shall notify Buyer in writing of the courtconfirmation hearing date, time , and location, at least 15 days prior to the court confirmation hearing date. The sale will be subject tooverbidding at the court hearing, so it is recommended that Buyer personally appear at the court hearing to protect Buyer’s position inthe event of overbidding. *************