Item Id: Kirkpatrick-Riley01
Case Name: Kirkpatrick-Riley, Timothy C & Amanda L P (aka Riley, Timothy)
Case Number: 17 62291
Trustee:
Starting Minimum Bid: $5,500
Description: Estate’s interest in 1/12 ownership of residential home in Los Angeles, California near the Imperial Highway and San Diego Freeway (I 405). The interest is an undivided 1/12th remainder interest subject to a two life estates. The parties are now deceased. The residence is located at 5528 West 119th Street, Inglewood, CA 90304 and is currently occupied by two 1/4 owners. The residence is one-story dwelling, a total of 1,310 square feet and was constructed in 1940. The lot itself is 0.15 acres. The APN# is 4140-006-008.
The legal description is-
“’a/ Improved real property commonly known 5528 W 119th St, Inglewood, CA 90304 legally described as follows: Lot 6 of Tract 11975, County of Los Angeles, as per map recorded in Book 25, Pages 1 and 2 of maps in the Office of the County Recorder of said County subject to a life estate (and)
b/Abandoned oil lease recorded with Standard Oil Company of California, a Corporation, lessee, recorded on October 24, 1966 as Instrument No. 1931
APN 4140-006-008’
Including any after-discovered assets, to the following residual beneficiaries or their children by right of representation pursuant to the Decedent’s will, as follows: Timothy Charles Riley as to a 1/12 interest”, et al.
The oil/gas lease was valid through 1987. Royalties paid during the duration of the lease are unknown.
The appraised value is $85,217. Sales of similar residences in the immediate vicinity of Los Angeles are approximately $500,000-$750,000 per residence.
2017 taxes were approximately $1,187.97 and have been partially paid. There are no past due taxes per the County Treasurer’s office as of 3/15/18 and half of the current year taxes are still payable in the amount of $593.98.
Location Info: The residence is located south of the Imperial Highway and west of the San Diego Freeway. It is approximately ¾ mile southeast of LA International Airport and just east of Aviation Boulevard. Sepulveda Boulevard is approximately 1 mile west of the residence.
THIS ASSET HAS A FIRM OFFER AND WILL NOT RELIST!!!
Liens: We do not know of any other liens.
*Picture is of general area, not representative of actual property.*