Fire Damage Disclosure

3448 Colonial Ave., Mar Vista CA 90066

Agent contact information:

Keith Lambert                            310-391-0821 direct or via  keith@lambertinc.com

Lambert Investments, Inc.
2001 Wilshire Blvd. #505
Santa Monica CA 90403

Notice:

Property for sale in “As Is” condition.

The buyer to repair/renovate/rebuild as needed.

 Overview

 In September of 2009 an accidental fire did occur.  It burned the back family room primarily.  The family room had a flat roof over that portion of the.  The heat and smoke did seriously damage the kitchen and adjacent areas.  At the time of the fire one fatality occurred due to smoke inhalation.  It was covered in the news.

 Facts:

 ·     Property is not in habitable condition.

·     Owner has not repaired the damage.

·     The fire has left the back portion of the home in need of reconstruction.

·     One death occurred in the house due to the fire.

·     The fire may have caused products to release hazardous byproducts into the air or the ash or the remains that are part of the building.

·     The City of Los Angeles has tagged the building and opened a case to be resolved by the potential buyer to make it habitable and meet code.
  See

• Notice from Department of Building and Safety, Code Enforcement Bureau
  3550 Wilshire Blvd. Suite 1800, Los Angeles CA 90010
  Case 235127  dated 9/19/2008  Contact: Inspector Dale Schwartz
   

·     The insurance adjuster has completed the summary that details a reconstruction that may cost $100,645.15.  Your actual cost to rebuild may be more or less depending on the selections for products or design.
  See

• Adjuster Summary by Cunningham Lindsey
  completed on March 16^th 2009
   

·     The Garage has been converted into two office rooms and this is not to code.  The garage will need to be returned to usable parking.  The laundry room portion of that structure is believed to be allowed and to code.

·     The gas line that goes to the back of the property was the service to the laundry and the pool heater.

·     The swimming pool was in good working order.  There are no known leaks or problems with the pool or the pipes.  It is believed that once power is restored it can be cleaned up and made usable.  The solar on the garage served to warm the swimming pool and was working.

This is in addition to disclosures on CAR forms TDS,  VLQ  and  SPQ.