NO RESERVE – WILL SELL TO THE HIGHEST BIDDER

SUGGESTED STARTING BID: $400,000

APPRAISED FOR $950,000

PRE AUCTION BIDS DUE NOW THRU SEPTEMBER 15TH, 2025 PT
BIDS DUE PRIOR TO OR ON SEPTEMBER 30TH, 2025 NOON PT

PRE AUCTION OFFERS

• A Buyer may elect to submit a Pre Auction offer rather than participate in Auction bidding.
• Pre auction offers may be submitted on a standard CAR (California Association of Realtors) purchase contract. Pre Auction offers may have any contingency a buyer requests.
• A Pre Auction offer must be submitted no later than September 15th, 2025. The accepted offer will state the buyer will remove all contingencies no later than September 22nd, 2025 or close escrow by that date. If the Buyer removes contingencies or closes escrow no later than September 22nd, 2025, the auction will be cancelled.
• The Pre Auction offer must include the Buyer’s Premium of 3%.
• No exceptions to the date deadlines will be accepted.
• The buyer must provide a 10% deposit with their offer, proof of funds to close the purchase and a lender approval letter (if applicable).

AUCTION DAY BIDDING: BIDS DUE PRIOR TO OR ON SEPTEMBER 30TH, 2025 NOON PT

• Your Sealed bid must be submitted on the Braun Worldbid Sealed Bid auction purchase contract.
• Qualifying round bids are due on September 30th, Noon 2025 PT and must be emailed Todd@braunco.com
• The top 50% bids (by price) of the qualifying round bids received, those bidders will be notified by September 30th, Noon 2025 PT, they are approved to submit their final bid.
• The bidders, whom have qualified to bid in the Final Bid round, their bid is due on October 1st, 2025 Noon PT.
• Both the qualifying and final round bids must be provided on the Braun Worldbid Sealed Bid auction purchase contract.
• Escrow Shall close no later than November 1st, 2025.
• The Sealed Bid auction purchase is available at BraunWorldbid.com (under this property tab).
• Auction day bids are completely non contingent.

AUCTION BIDDING REGISTRATION REQUIREMENTS

• Proof of funds in the amount of the bid in the name of the buyer.
• Lender approval letter (if the buyer is obtaining financing).
• A 10% deposit is required within 24 hours of bid acceptance..

OTHER TERMS

• A 3% buyers premium will be added to the final bid price, which is the total purchase price.
• A 2% buyers agent commission will be paid (Agent must register their buyer using the Agent Registration form located on BraunWorldbid.com website).
• The buyer is responsible for compliance of SB721 if applicable.
• The buyer is responsible for compliance of Building Emissions Saving Ordinance “BESO”.
• Security deposits held by the property management company will be conveyed to the buyer.
• The property is sold in AS IS condition.
• The Seller is not making any repairs.
• Any vacant units on auction day will remain vacant and conveyed to the buyer vacant.
• The property will be conveyed free and clear of liens and encumbrances save and except for the permitted exceptions which may include any existing easements, rights of way, prescriptive rights whether of record or not, recorded existing restrictions, covenants, conditions, oil and gas leases, mineral interests, water interests outstanding in person other than Seller and other instrument, other than conveyances of the surface fee estate that affect the property, validly existing rights of adjoining owners in any walls and fences situated on a common boundary, any discrepancies, conflicts, or shortage in area or boundary lines, any encroachments or overlapping of improvements, all right, obligations and other matters arising from existing by reason of any applicable governmental district, agency or authority, any liens as to which the title insurer shall provide coverage under the

DUE DILIGENCE AVAILABLE

• Preliminary Title Report
• Broker Disclosure
• Leases
• Financials
• Seller Disclosures
• Natural Hazard Report
• Title Report
• BESO Application
• Rent Roll
• Management Agreement
• Security Deposit Information