All Forum Posts by: Margaret J.

By the way, I'm one of those people who paid largely for a guru and at the end of the year I found I didn't have the marketing knowledge I discovered I really needed.  Therefore... I purchased @Cody Sperber "Clever Investor" the whole package and learned a great deal about marketing.  I'm very busy and would rather have all the knowledge in once place, plus a mentor to ask questions.   You have to start with the money you have and spend wisely.  I still don't utilize everything he teaches... it's more than I can handle.   (Plus he makes really goofy video's which are really funny.)   There are only a few that make really large sums of money coming right out of the gate as a newbie, so budget your money.

If anyone has any interest in this great deal, please call me.  I have this under contract and the seller just gave me a reduction in price if I can close quickly!!!  Call me to discuss!

5 acres fully fenced with a 2-story barn and a 3-car garage still intact.  The original 3600 sf custom log cabin home was completely burned. The 1400 sf basement remains. Some clean-up has already been done.

~ ARV $300,000 to $450,000 depending on the build.

Lot is near Crystalaire Country Club and within Los Angeles school district. The neighborhood contains both standard wood SFR and manufactured homes. Value is based on the level of new build. A new manufactured home can be placed on the lot for a little over $100K and 4-bedrooms rent for around $1400/mo. A similar home to the previous log cabin for the same 3600 sf would be worth around $450K and rented for around $2,000.

Lot has city water and a septic tank. Electric and propane available for the house.

TERMS:  Open escrow with $5,000 non-refundable earnest deposit with a cashier’s check made out to our Title Company; please contact us for more details. Cash or Hard Money only. Property comes in "AS-IS" condition. Buyer pays all closing costs, price is net to seller.  Looking for a quick close. 

Please contact:  

CALL Margaret with any questions. 623-308-1950
Or Email questions to: margaret (at) buyphoenixproperties.com

This property is not longer available. Thanks for stopping by.

Will send you an email.

CALLING ALL LANDLORDS!  PRICE REDUCED TO $180,000.  If you get the studio cleaned up, there is 14% cap rate potential!

CALLING ALL LANDLORDS!   Price reduced on the property to $224,900!  These are fully occupied!

There are 4 houses on one parcel. What a goldmine! They each have their own mailing address and two face Marguerite Ave. They were built between 1936 and 1954, have a total of 3853 sf per county records and the lot is 20,800 sf, almost half an acre. These are all rented with long term tenants, within walking distance to a park and to a school that is K-8th. Total income is $2200/mo. Each house is separately metered and tenants pay all utilities. No immediate repairs are necessary, but the exterior could use a little TLC.

The county lists 2637 sf detached living area which is 3853 total sf. The parcel is large enough it could be divided into two if you choose. Three out of four houses have a detached shed for storage. Two have an A/C and two have Evap Coolers. They have all had some remodeling done at some point with tile and newer cabinets. All interiors are in good condition and have not been vacant for quite some time. One roof is new last year, one roof is two years old. All tenants are long term on month to month.  In most units the kitchen appliances belong to the owner, the washer/dryers belong to the tenants. Ask for a complete list of details.

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Ask me for more information.

Built in 1946, 2980 Total sq feet per city record, sq feet per unit is estimated. Lot is 17,273 sf, Frame with Stucco, Rental Income $2425.

Walking distance to a park and to a K-8 Elementary School and not far from a High School. This 4-plex has only had about 1 week vacancy in the last 5 years! All tenants have been there between 5 and 8 years and have become a small community. They are all month to month. No repairs needed at this time, all units are in good condition. All units have had some remodeling done at some point with mostly tile floors and some carpet in bedrooms. A patio roof was recently added on the West Side for additional shade. The main roof is 3-4 years old. There is plenty of parking in the back.

There is a studio unit that is currently being used for storage that has a full bathroom and a kitchenette that could be rented easily for $500-$600 additional income. Kitchen has a propane stove (not sure if that works) and mostly needs a little cleaning up and probably some paint. Tile floors and bathroom are in good condition. Some storage things will be removed, and some apartment fixtures will be left for the new owner. Studio roof was replaced last year.

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Contact me for more information

GREAT RENTAL AREA - Close to freeways and shops.

Appears to need mostly cosmetic work; carpet, paint and clean-up. A/C appears to be in working order. Kitchen has stove, microwave and dishwasher, needs refrigerator. Kitchen has a center island and pantry, cabinets are in good condition. Downstairs has a living room as well as a dining room. Upstairs has a large recreational room plus more bedrooms. Estimated repairs $10K to $15K. Now Vacant. ARV $220+ and many active listings are $230K to $240K.

CALL Alfonso to tour property. 602.980.0165

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