Encanto Four-plex Auction!

231-237 San Jacinto Dr.
San Diego, California

Auction:
Thursday, April 20, 2006
@ 1:07 pm

Auction previews:
Tues. April 11 from 3pm-5pm
Tues. April 18 from 11am-1pm
and 1 hour prior to auction.

ATTENTION INVESTORS!

This property will be liquidated at a steep discount to the lowest price/GSI multiple in the marketplace.

• Very clean, rehabbed in '05
• Minutes from downtown
• Economically preferred 3bd/1ba configuration in all four units, 920sf each

more info to come...

TERMS:
BIDDER REGISTRATION: All prospective buyers must register to bid. A $30,000 cashier’s check or certified check payable to PACIFIC AUCTION EXCHANGE, INC. 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 until time of closing. A 10% Buyer’s Premium will be added to the final bid and included in the total contract price. Online bidder’s will be charged an additional 0.75% by Proxibid.
CLOSING: Closing will take place within thirty (30) days of the auction. A Grant Deed will be supplied by the seller at the seller’s expense, giving marketable title subject torestrictions of record. Taxes are prorated.
PROPERTY INSPECTION: Preview of the property is essential. Property is being sold in “as-is, where-is” condition. 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. PACIFIC AUCTION EXCHANGE reserves the right to deny any person admittance to the auction.
BROKER PARTICIPATION INVITED: Subject to established PACIFIC AUCTION EXCHANGE guidelines.
ALL INFORMATION IN THIS ANNOUNCEMENT 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 IS AN AGENT OF THE SELLER.