Incredible Venice Fixer

[Jesus Yinh]

Property is under contract and ready to be assigned... PLEASE DO NOT CONTACT LISTING AGENT!!!

2335 Louella Ave Venice, CA 90291

SFR

4 bed

1.75 bath

1,830 sf

Lot:6,108 sf

Purchase Price: $1,535,000 (fee included in price)

EMD: $40,000

Escrow Period: 14 days

Repair Est: $675,000 (Add 1,500 sf and convert into a 2-story 4 bed 5 bath home with a total of 3,330 sf)

ARV: $3,275,000

SHOWN BY APPOINTMENT ONLY... PLEASE EMAIL OR TEXT TO SCHEDULE SHOWING!!!

1955 meets East Venice in this charming ranch style home only a bike ride away from world famous Venice Beach, the historic Venice canals, trendy Abbot Kinney Blvd, and Marina Del Rey. This home has not been on the market for 55 years making it a fantastic opportunity for investors and owner users alike. This 4-bedroom, 2-bathroom traditional home features an open living room w/ fireplace and separate dining room. The kitchen includes ample cabinets, built-ins and a quaint breakfast nook along with a separate laundry area. The master bedroom has its own bathroom and glass sliding doors leading to the backyard. Transform the extra-large garage into a private space for an office, artist's studio or use your own imagination. This is a terrific opportunity for anyone.

COMPS:

1519 Louella Ave Venice, CA 90291

BED: 4 BATH: 5 SF: 3,371 LOT: 5,954 SP: $3,360,000 SD: 06/16/2017

2026 Walnut Ave Venice, CA 90291

BED: 4 BATH: 4 SF: 3,100 LOT: 5,600 SP: $3,295,000 SD: 07/28/2017

1518 Glenavon Ave Venice, CA 90291

BED: 4 BATH: 5 SF: 3,334 LOT: 5,969 SP: $3,100,000 SD: 09/27/2017

FINANCING AVAILABLE... ASK ME IF INTERESTED.

Up to 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]