|  Seller Financing Option!
TAX MOTIVATED
OWNER SAYS "SELL NOW!
3659-3665 University Ave.
San Diego, CA 92104
AMAZING OPPORTUNITY FOR A MIXED USE PROPERTY!
Features:
- Mixed use building in North Park/City Heights
- Approx. 5,880 sf. building on two floors
- lot size Approx. 5,000 sf.
- 8 upstairs studios currently rented mo./mo.
- Two street level commercial suites approx. 1,500 sf each..
Seller will entertain offers between: $1,000,000 - $1,150,000
TERMS:
BIDDER REGISTRATION: All prospective buyers must register to bid. A $50,000 cashier's check or certified check payable to Pacific Auction Exchange of San Diego - Trust Account will be required to bid at the auction. The successful bidder will be required to deposit a 10% non-refundable payment in Broker's Trust Account at the auction until time of closing. A 10% Buyer's Premium will be added to the final bid and included in the total contract price.
CLOSING: Closing will take place within thirty (30) days of the auction. Closing will not take place prior to January 2, 2007. A Grant Deed will be supplied by the seller at the seller's expense, giving marketable title subject to restrictions of record. Taxes are prorated. Title insurance will be at the buyer's expense.
BIDDER'S INFORMATION PACKAGE: A package of information has been assembled for the property and includes a Preliminary Title Report, Natural Hazard Disclosure Report and other information. Bidder's are required to obtain and review Bidder's Packages prior to the auction.
PROPERTY INSPECTION: Preview of the property is essential. Property is being sold in "as is, where is" condition "with all faults, if any." Property will be sold subject to easements, restrictions, zoning and other matters of record. Announcements made from the podium at the time of auction take precedence over all printed material.
CONDUCT OF AUCTION: Conduct of auction and increments of bidding are at the discretion of PACIFIC AUCTION EXCHANGE of SAN DIEGO. PAX of SAN DIEGO reserves the right to deny any person admittance to the auction. Open Outcry auction will be conducted at 3659-3665 University Ave, San Diego, CA 92104. Broker ID #01499312 Bond #FS7011648.
BROKER PARTICIPATION INVITED: Subject to established PAX of SAN DIEGO guidelines. Properly registered brokers are eligible for a fee of two percent (2%) of the winning bid price payable upon closing to the broker whose prospect pays and closes on the property. Brokers must register no later than Wednesday, December 13, 2006.
AUCTION PURCHASE AGREEMENT: The winning bidder of the auction will be required
to immediately complete and sign the Pacific Auction Exchange Auction Purchase Agreement, a copy of which is included in the bidder's package.
NO CONTINGENCIES: Purchase of the property is NOT SUBJECT TO ANY CONTINGENCIES.
AGENCY DISCLOSURE: It is understood that PAX of SAN DIEGO is acting in the capacity of real estate broker on behalf of the seller. The seller and PAX of SAN DIEGO have executed a listing agreement which provides for the payment of a commission to PAX of SAN DIEGO upon the sale of the real property.
All information in this brochure was derived from sources believed to be correct, but is not guaranteed. ALL PROPERTY MEASUREMENTS ARE APPROXIMATE. It is the Buyer's responsibility to verify all property specifications prior to the auction date. PAX of SAN DIEGO IS AN AGENT OF THE SELLER. THE INFORMATION CONTAINED HEREIN IS FROM SOURCES BELIEVED TO BE RELIABLE BUT BIDDER IS RESPONSIBLE FOR VERIFYING ALL FACTS. NEITHER SELLER NOR BROKER ASSUMES LIABILITY FOR ANY INACCURACIES. The seller reserves the right to cancel or withdraw properties from the auction without prior notice. Property subject to prior sale.
"Download Bidders Package Here"
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