Amazing Eagle Rock Fixer with Approved Plans

[Jesus Yinh]

WHOLESALE DEAL READY TO BE ASSIGNED... PLEASE DO NOT CONTACT LISTING AGENT!!!

*PROPERTY BEING SOLD WITH APPROVED PLANS (RTI)*

5209 Loleta Ave Los Angeles, CA 90041

SFR

4 bed

2 bath

1,933 sf

Lot: 9,782 sf

Purchase Price: $970,000 (fee included in price)

EMD: $10,000

Escrow Period: 14 days

Repair Est: $450,000 (Convert home into a 4 bed 3.5 bath plus den and a 1 bed 1.5 bath guest home with a total of approx. 3,736 sf)

ARV: $1,750,000 - $1,900,000 (Depending on finishes)

CLICK ON LINK BELOW TO VIEW PLANS:

https://crgnow.box.com/s/3vn1livchm0htkc64q7s33mp0sk7umsi

PROPERTY IS SHOWN BY APPOINTMENT ONLY... CONTACT ME TO SCHEDULE SHOWING!!!

An excellent opportunity to acquire an approved, ready to issue (RTI), renovation and addition project for two houses totaling approx. 3700 total square feet on a 9780 square foot lot. Excellent location, north of Colorado Boulevard on Loleta Ave in prime Eagle Rock. The approved plans call for smooth stucco exterior, Milgard Ultra - black framed windows, with hardwood decking and wood trellis over the balcony off the expansive upstairs master suite. Care was taken to incorporate the existing 3 bedrooms/1 bath main house with spacious living room and fireplace into a great room with vaulted ceilings leading to the dining room and open kitchen. The 2nd home has been re-imagined with vaulted ceilings, open layout, and 1 bedroom opening to a large deck and backyard; ideal for owner/user, extended family, office, or income in one of the best sections of Eagle Rock. * Listing broker has partial interest

COMPS:

5236 Argus Dr Los Angeles, CA 90041

BED: 4 BATH: 5 SF: 2,684 LOT: 10,485 SP: $1,729,900 SD: 03/28/2017

5207 Argus Dr Los Angeles, CA 90041

BED: 3 BATH: 3 SF: 2,281 LOT: 8,757 SP: $1,892,000 SD: 10/28/2017

FINANCING AVAILABLE... ASK ME IF INTERESTED. ==> 90% OF TOTAL PROJECT COST <==

As Low as 9.99% & 2pts for Qualified Deal/Borrower

Buyer to do their own due diligence and comps...

Run your numbers and email me if interested. Thank you.

Jesus Yinh
CAPITAL REDEVELOPMENT GROUP LLC
Managing Partner
Direct: (310) 926-3844

Email: [email protected]