Updated over 9 years ago on . Most recent reply

Interested in how this million dollar house in Encino, CA is going down
On my way to work I noticed this 5000+ sf house in Encino, CA that is all boarded up. Looked it up on Zillow and it looks from my untrained eye that it:
- Went to auction for somewhere betwen 500 and 800k.
- Sold for 1.1m
- New owner will fix it up for a few hundred thousand
- And possibly sell for 2m?
Any thoughts on my analysis? Here is the house: http://www.zillow.com/homedetails/5040-Hayvenhurst...
thanks!