The seller of this property is SUPER motivated to unload this property so has dropped the price to $699k Cash! Or you can buy this with seller financing:
Purchase Price: $800k
Option 1: $580k Cash; seller carries $220k @ 6% interest only
Option 2: $500k Cash; seller carries $300k @6% interest only
West Hollywood, CA 90046
Cross Streets: Santa Monica Blvd & Fairfax Ave
Purchase Price: $699K!! **Price Reduced**
Or Seller Financing Offer:
Purchase Price $800k: $500k or $580k down; seller to carry balance at 6%; interest only
Based on the numbers from the Luxury Art Loft development across the street, you’re looking at about
$1.68M to build ($200/SF). The developer who built the lofts across the street may also be willing to work
with you. He’s already gone through the process with the city. This developer sold his units at $415-
$450/SF ($830k-$860k per loft). So that’s $200/SF to build to sell at $415/sf!
The city of W. Hollywood said that this parcel can be a duplicate of the other development with 4 units
with variances. Plan would be to build 4 luxury units at 2,100 SF each and sell at $415-$450/SF.
There is someone living at the property right now, so call me to set up an appointment to go see it. The
tenants will be vacated without having to pay them any relocation fees; they’ve been given 30 days
notice.
CASH or HARD MONEY ONLY
MOVE FAST ON THIS ONE!!
Fenando
Text or email me for pics.
661-262-3115
quick.offers@yahoo.com
http://hartfordinvgrp.blogspot.com/
Here are a few pics of the property.
Try our slideshow maker at Animoto.
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