Probate Sale, Court Approved
Property is under contract
and ready to be assigned.
Bedroom: 3 / Bathroom: 1
1,196 sq-ft / 6,306 sq-ft lot
Price: $162,500
Repairs: $20k to $25k
ARV: $220,000 - $230,000
OVERVIEW: Vacant, Zoned RD-2 with illegal 2nd unit in back (must see). Has multiple exit strategies. Potential cash flow, or quick fix and flip.
909 W 56th St., Los Angeles, CA 90037
Do your own comps. Most sold comps are near 110 freeway. Subject has 3 updated homes across the street in quiet, clean pocket of LA.
Let us give you some options.
#1. Keep existing lay out - property looks worse than it really is. ROI will be lower.
#2. "Adding the Love": Remodel and rehab the whole house. Add additional bedroom and bathroom to pull out the highest ROI. Will depend on your construction cost and time-line.
#3. Highest and Best (This model is for advanced investors/developers ONLY): Building is zoned RD-2. You can build a new duplex with room of 4/2 each. Cash flow it and refi-cash out.
Access:
EMAIL ME FOR INFO
DO YOUR DUE DIL THEN SEND US YOUR LOI-PROOF OF FUNDS-COPY OF $5K CASHIER CHECK!!!
Access:
EMAIL OR TEXT ME FOR INFO.
Fenando
661-262-3115
quick.offers@yahoo.com
This will be a great way to start the month, also get your free issue of Realty 411 magazine
http://hartfordinvgrp.blogspot.com/2012/01/come-out-celebrate-with-realty-411.html
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