CALIF 5 ACRE LOT with 2-story Barn - WHOLESALE PRICE $65K

[Margaret J.]

5 acres fully fenced with a 2-story barn and a 3-car garage still intact.  The original 3600 sf custom log cabin home was completely burned. The 1400 sf basement remains. Some clean-up has already been done.

~ ARV $300,000 to $450,000 depending on the build.

Lot is near Crystalaire Country Club and within Los Angeles school district. The neighborhood contains both standard wood SFR and manufactured homes. Value is based on the level of new build. A new manufactured home can be placed on the lot for a little over $100K and 4-bedrooms rent for around $1400/mo. A similar home to the previous log cabin for the same 3600 sf would be worth around $450K and rented for around $2,000.

Lot has city water and a septic tank. Electric and propane available for the house.

TERMS:  Open escrow with $5,000 non-refundable earnest deposit with a cashier’s check made out to our Title Company; please contact us for more details. Cash or Hard Money only. Property comes in "AS-IS" condition. Buyer pays all closing costs, price is net to seller.  Looking for a quick close. 

Please contact:  

CALL Margaret with any questions. 623-308-1950
Or Email questions to: margaret (at) buyphoenixproperties.com