Half acre, in visible C2 lot

[Alex Chen]

Investment Info:

Small multi-family (2-4 units) other investment in Baldwin Park.

Purchase price: $535,000
Cash invested: $605,000

Large lot in commercial zoning.
Half acre, in visible C2 lot with 2 side by side residential homes

How did you find this deal and how did you negotiate it?

Mls

How did you finance this deal?

Live in one

How did you add value to the deal?

Fixer upper

What was the outcome?

After 15 yrs, no more mortgage.

Lessons learned? Challenges?

Evicted 2 tenants, was hard to manage at first.