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HomeMy WebLinkAboutD-2788 1) — 2 7 88 % %W V /2009 01'Cled RECORDING REQUESTED BY w HaS AND WHEN RECORDED MAIL TO: Orin *20090381518* Best Best &Krieger LLP procesSlilg nas peen CUIi €pluxu. 3750 University Avenue, Suite 400 LOS ANGELES COUNTY REGISTRAR • RECORDER P.O. Box 1028 Riverside, California 92501 Attention: Margaret A. Hosking ,/ APN 5785 -002 -900 EXEMPT FROM RECORDING FEES PER GOVT. CODE 27383 EXEMPT FROM DOCUMENTARY TRANSFER TAX PER REV. & TAX CODE §11922 GRANT DEED THE CITY OF ARCADIA, a municipal corporation (hereinafter referred to as "Grantor "), represent that Grantor is the owner in fee of the following real property located in the County of Los Angeles, State of California: THE LAND DESCRIBED HEREIN IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF LOS ANGELES, CITY OF ARCADIA, AND IS DESCRIBED AS FOLLOWS: Lot 13 of Tract No. 29895, as per map recorded in Book 814, Pages 21 & 22 of Maps, in the Office of the County Recorder of said County. A.P.N. 5785.002.900 (hereinafter referred to as the "Property "). RVBUS\MHOSKING \730902.2 `r r1 II e FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Grantor does hereby GRANT and CONVEY to: KIN Y. CHU, a married man and BENSON TSE, a married man, AS JOINT TENANTS (hereinafter referred to as "Grantee "), fee simple absolute title to the Property. IN WITNESS WHEREOF, Grantor has caused this instrument to be executed on the date set forth below. Dated: )1 kaiec t t C I. 2CO c t GRANTOR: THE CITY OF ARCADIA, a municipal corporation , p, ' e? 7 Q 1 4.46-4.e, Robert C. Harbicht, Mayor RVBUS\MHOSKING\730902.2 None '4100 NOTARY ACKNOWLEDGMENT (California A11- Purpose Acknowledgment) STATE OF CALIFORNIA ) \@,� ) ss. COUNTY OF � �C � \ ) On NAN . , 2009, before me, ©ik +tk S' rk , notary public, personally appeared . bxs (• Ha cb i c� �'� , who proved to me on the basis of satisfactory evidence to be the personN whose name(?3,t is /alv subscribed to the within instrument and acknowledged to me that he /sloe /they executed the same in his/lr/Rieir authorized capacity(iN), and that by his/her /their signature(s) on the instrument the personN), or the entity upon behalf of which the person(`) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS m y 1_ d and official seal. r t eust, MARINA SIMONUIN � � ( Q iV �^► Commission # 1738031 Signatur o f Not Pu lic `� Notary Public - California \, ; r►% Los Angela: County Aram._ lAirtsfIc/9 ATTACHED TO: GRANT DEED [APN 5785- 002 -900] RV BUS\MHOSKING \730902.2 COUNTY OF LOGELES • OFFICE OF THE ASSESSOR FOR RECORDERS USE ONLY • sESSo 500 WEST TEMPLE STREET • LOS ANGELES, CA 90012 -2770 r� C Telephone: 213.974.3211 • Email: helpdesk @assessor.lacounty.gov • Website: assessorlacounty.gov DOCUMENT NUMBER Si desea ayuda en Espanol, Ilame al numero 213.974.3211 RICK AUERBACH ASSESSOR PRELIMINARY CHANGE OF OWNERSHIP REPORT [To be completed by transferee (buyer) prior to transfer of subject property in accordance with section 480.3 of the Revenue and Taxation Code.] A Preliminary Change of Ownership Report must be filed with each conveyance in the County Recorder's office for the county where the property is located; this particular form may be used in at 58 counties of California. THIS REPORT IS NOT A PUBLIC DOCUMENT SELLER/TRANSFEROR: City of Arcadia BUYER/TRANSFEREE: Kin Y. Chu and Benson Tse RECORDING DATE ASSESSOR'S PARCEL NUMBER(S) 5785 - 002 -900 PROPERTY ADDRESS OR LOCATION: 509 W. Winnie Way, Arcadia, CA 91007 MAIL TAX INFORMATION TO: Name Kin Y. Chu and Benson Tse Address 240 S. Raymond Ave, Arcadia, CA 91007 NOTICE: A lien for property taxes applies to your property on January 1 of each year for the taxes owing in the following fiscal year, July 1 through June 30. One -half of these taxes is due November 1, and one -half is due February 1. The first installment becomes delinquent on December 10, and the second installment becomes delinquent on April 10. One tax bill is mailed before November 1 to the owner of record. You may be responsible for the current or upcoming property taxes even if you do not receive the tax bill. The property which you acquired may be subject to a supplemental assessment in an amount to be determined by the Los Angeles County Assessor. For further information on your supplemental roll obligation, please call the Los Angeles County Assessor at (213) 974 -3211. PART 1: TRANSFER INFORMATION (please answer all questions) YES NO ❑ ❑ A. Is this transfer solely between husband and wife (addition of a spouse, death of a spouse, divorce settlement, etc.)? ❑ ❑ B. Is this transaction only a correction of the name(s) of the person(s) holding title to the property (for example, a name change upon marriage)? Please explain ❑ ❑ C. Is this document recorded to create, terminate, or reconvey a lender's interest in the property? ❑ ❑ D. Is this transaction recorded only as a requirement for financing purposes or to create, terminate, or reconvey a security interest (e.g., cosigner)? Please explain ❑ ❑ E. Is this document recorded to substitute a trustee of a trust, mortgage, or other similar document? ❑ ❑ F. Did this transfer result in the creation of a joint tenancy in which the seller (transferor) remains as one of the joint tenants? ❑ ❑ G. Does this transfer return property to the person who created the joint tenancy (original transferor)? H. Is this a transfer of property: ❑ ❑ 1. to a revocable trust that may be revoked by the transferor and is for the benefit of the ❑ transferor ❑ transferor's spouse? ❑ ❑ 2. to a trust that may be revoked by the Creator /Grantor who is also a joint tenant, and which names the other joint tenant(s) as beneficiaries when the Creator /Grantor dies? ❑ ❑ 3. to an irrevocable trust for the benefit of the ❑ Creator /Grantor and /or ❑ Grantor's spouse? ❑ ❑ 4. to an irrevocable trust from which the property reverts to the Creator /Grantor within 12 years? ❑ ❑ I. If this property is subject to a lease, is the remaining lease term 35 years or more including written options? ❑ ❑ 'J. Is this a transfer between ❑ parent(s) and child(ren)? ❑ or from grandparent(s) to grandchild(ren)? ❑ ❑ *K. Is this transaction to replace a principal residence by a person 55 years of age or older? Within the same county? ❑ Yes ❑ No ❑ ❑ *L. Is this transaction to replace a principal residence by a person who is severely disabled as defined by Revenue and Taxation Code section 69.5? Within the same county? ❑ Yes LJ No ❑ ❑ M. Is this transfer solely between domestic partners currently registered with the California Secretary of State? if you checked yes to J, K or L, you may qualify for a property tax reassessment exclusion, which may result in lower taxes on your property. If you do not file a claim, your property will be reassessed. Please provide any other information that will help the Assessor to understand the nature of the transfer. If the conveying document constitutes an exclusion from a change in ownership as defined in section 62 of the Revenue and Taxation Code for any reason other than those listed above, set forth the specific exclusions claimed: Please answer all questions in each section. If a question does not apply, indicate with "N/A." Sign and date at bottom of second page. PART II: OTHER TRANSFER INFORMATION A. Date of transfer if other than recording date 3(.51.__0 q B. Type of transfer (please check appropriate box): ."Purchase ❑ Foreclosure ❑ Gift ❑ Trade or Exchange ❑ Merger, Stock, or Partnership Acquisition ❑ Contract of Sale - Date of Contract ❑ Inheritance - Date of Death ❑ Other (please explain): __ -- ❑ Creation of Lease ❑ Assignment of a Lease ❑ Termination of a Lease ❑ Sale /Leaseback ❑ Date lease began ❑ Original term in years (including written options) —_ ❑ Remaining term in years (including written options) Monthly Payment Remaining Term C. Was only a partial interest in the property transferred? ❑ Yes KNo If yes, indicate the percentage transferred %. BOE -502 -A (FRONT) REV. 10 (8 -07) ASSR -70 (Rev. 08/07) P . :Tease write Assessor's Parcel Number(s): Please answer, to the best of your knowledge, all applicable questions, then sign and date. If a question does not apply, indicate with "N /A." PART III: PURCHASE PRICE AND TERMS OF SALE A. CASH DOWN PAYMENT OR value of trade or exchange (excluding closing costs) Amount $ 47, i) /) (2 . B. FIRST DEED OF TRUST @ % interest for years. Pymts. /Mo. = $ (Prin. & Int. only) Amount $ ❑ FHA( Discount Points) ❑ Fixed rate ❑ New loan ❑ Conventional ❑ Variable rate ❑ Assumed existing loan balance ❑ VA ( Discount Points) ❑ All inclusive D.T. ($ Wrapped) ❑ Bank or savings & loan ❑ Cal -Vet ❑ Loan carried by seller ❑ Finance company Balloon payment ❑ Yes ❑ No Due Date Amount $ C. SECOND DEED OF TRUST @ % interest for years. Pymts./Mo. = $ (Prin. & Int. only) Amount $ /et 0 Ot ,- ❑r [F-Loan or savings & loan ❑ Fixed rate ❑ New loan LJ Loan carried by seller ❑ Variable rate ❑ Assumed existing loan balance Balloon payment ❑ Yes ❑ No Due Date Amount $ D. OTHER FINANCING: Is other financing involved not covered in (b) or (c) above? ❑ Yes ❑ No Amount $ Type © % interest for years. Pymts. /Mo. = $ (Prin. & Int. only) ❑ Bank or savings & loan ❑ Fixed rate ❑ New loan ❑ Loan carried by seller ❑ Variable rate ❑ Assumed existing loan balance Balloon payment ❑ Yes ❑ No Due Date Amount $ E. WAS AN IMPROVEMENT BOND ASSUMED BY THE BUYER? ❑ Yes C�No Outstanding Balance: Amount $ F. TOTAL PURCHASE PRICE (or acquisition price, if traded or exchanged, include real estate commission if paid) TOTAL ITEMS A THROUGH E $ a 3S7 0 0 D, G. PROPERTY PURCHASED ❑ Through a broker IJlrect from seller ❑ From a family member ❑ Other (please explain): . If purchased through a broker, provide broker's name and phone number: Please explain any special terms, seller concessions, or financing and any other information that would help the Assessor understand the purchase price and terms of sale: PART IV: PROPERTY INFORMATION A. TYPE OF PROPERTY TRANSFERRED: ❑ Single- family residence ❑ Agricultural ❑ Timeshare ❑ Multiple - family residence (no. of units: ) ❑ Co -op /Own - your - own ❑ Manufactured home ❑ Commercial /Industrial ❑ Condominium Unimproved lot ❑ Other (Description: i.e., timber, mineral, water rights, etc. ) B. IS THIS PROPERTY INTENDED AS YOUR PRINCIPAL RESIDENCE? ❑ Yes Cg No If yes, enter date of occupancy / _ . __ __ ___.. , 20 __ or intended occupancy _ .. _...- ....... .__ / ._ . , 20 _____ _ ___. (month) (day) (year) (month) (day) (year) C. IS PERSONAL/BUSINESS PROPERTY INCLUDED IN PURCHASE PRICE (i.e., furniture, farm equipment, machinery, etc.) (other than a manufactured home subject to local property tax)? ❑ Yes E9''No If yes, enter the value of the personal /business property included in the purchase price $ (Must attach itemized list.) D. IS A MANUFACTURED HOME INCLUDED IN PURCHASE PRICE? ❑ Yes Cif-No If yes, how much of the purchase price is allocated to the manufactured home? $ Is the manufactured home subject to local property tax? ❑ Yes ❑ No What is the decal number? E. DOES THE PROPERTY PRODUCE INCOME? ❑ Yes NAo If yes, is the income from: ❑ Lease /Rent ❑ Contract ❑ Mineral rights ❑ Other (please explain): F. WHAT WAS THE,.C_,O1DITION OF THE PROPERTY AT THE TIME OF SALE? ❑ Good L`SAverage ❑ Fair ❑ Poor Please explain the physical condition of the property and provide any other information (such as restrictions, etc.) that would assist the Assessor in determining the value of the property: CERTIFICATION OWNERSHIP TYPE (✓) I Proprietorship ❑ Partnership C_l / certify that the foregoing is true, correct and complete to the best of my knowledge and belief. Corpo,ajipa ❑ 1 This declaration is binding on each and every co -owner and /or partner. Othef''"l 1( 4 NAME OF NEW OWNER /CORPORATE OFFICER TITLE SIGNATURE OF NEW OWNER/CORPORATE O CER DATE -_y�� NA �• �r Pied) FEDERAL EMPLOYER ID NUMBER • ADDRESS (typed or printed) (4.. r c?, ) / l PHONE NUMBER (8 a m - 5 p m) EMAIL ADDRESS (optional) 1-4 5. /S1.4 ---vk ` .4 / 1 � - It) ) J-1 he $ z ds 6) ( AG�el 444 (NOTE: The Assessor may contact you for additional information.) If a document evidencing a change of ownership is presented to the recorder for recordation without the concurrent filing of a preliminary change of ownership report, the recorder may charge an additional recording fee of twenty dollars ($20). BOE -502 -A (BACK) REV. 10 (8 -07) ASSR -70 (Rev. 08/07)