Flip opportunity in Los Angles -90062- 350k for 2 adjacent properties

[Mike Izquierdo]

I have a client that has asked me to sell his 2 adjacent properties quickly without going to the MLS. It is in essence a wholesale deal. Properties only require light rehab. Sewer connections to both properties need to be installed. Recently the neighbor capped off their existing sewer connections. therefore one would need to go to city and install or come to an easement agreement with neighbor. Seller needs to cash out because he is leveraging himself into a a bigger deal and needs capital quickly. Very little flexibility right now as there are multiple offers lower then asking price. If I cannot sell it off market, It will be listed soon.

1915 West 57th Street, Los Angeles CA 90062

1 bedroom 1 bathroom on title, but actually a 2-1 inside.

Built 1927 1080sf lot 2540sf

ARV is 285k repairs needed - light rehab most of the property has already been remodeled, and sewer needs to be installed.

1911 West 57th Street, Los Angeles CA 90062

3 bedroom 1 bathroom, built 1927, 1484 sf lot 2,788

Repairs needed- Light rehab most of property has already been remodeled.

ARV is 245k

Must be sold together.

combined ARV 530k

350k for both

spread = 190k

Let me know what you think. Videos of the property interiors can be found here. they are property id 50 and property id 53

http://epocketlistings.com/hot-pocket-listings/