2 for 1 Deal!! Home &Adjacent Lot 50% return possible Los Angeles

[Evan P.]

2 for 1 deal in Montecito Heights that should net you a 50%+ ROI

This sale is for the home and the land right next to it that is 8,062 sq ft. It has a completely separate parcel number. This home has exceptional VIEWS and I walked the sub floor myself to check for any foundation problems and I personally could not see any. There is a big difference in views if your back yard is facing the opposite direction, all you see is the canyon which is pretty but its not City Light Views like our subject property, 

Purchase Price 599,999 (SFR & Land)

Rehab 70k & 500k (SFR & Land for sfr of 1900 sqft)

ARV 730k & 1.050 Million (SFR & Land of 1900 sq ft home)

Deposit 35k