Montano

FACTS AND PROCEDURAL BACKGROUND

I. Facts

A. The building In 2017, Elsa Davila (Davila) and Jesus Tapia (Tapia) (collectively, owners) owned a commercial building on Washington Boulevard in Culver City, California. The primary tenant in the building was the El Alteno Sports Bar (the Bar). Claudia Montano (plaintiff) wanted to the buy the Bar, and she spoke with the Bar’s owner about buying the Bar as well as with the owners about buying the building housing the Bar. B. Plaintiff signs an agreement to buy the building Plaintiff and the owners eventually negotiated a Purchase Agreement (the Agreement) for plaintiff to buy the building. Plaintiff’s purchase price under the Agreement was $1.5 million. The owners agreed to finance plaintiff’s purchase as follows: ● Plaintiff would pay the owners a $75,000 down payment, and an additional $25,000 lump sum payment within six months. ● Plaintiff would pay the owners a monthly payment toward the outstanding balance. The initial monthly payment was $6,100 (the sum of the Bar’s $3,100 monthly rent plus $3,000 from plaintiff), but the payment would rise to $8,000 once the tenant ended the lease.

2 ● After two years,…