xxxxxx st, Los Angeles, CA 90042
Cash on Cash ROI
OUTSTANDING ECHO PARK FIXER
Property is under contract and ready to be assigned!!! 2146 Fargo St Los Angeles, CA 90039 SFR 1 bed 1 bath 608 sf Lot: 7,465 sf New Purchase Price: $799,000 Deposit: $10,000 Repair Est: $750,000 - $325,000 per house (Subdivide lot and build a 2 brand new 1,500 sf custom home with 3 bed 2.5 bath... Start building first home simultaneously while going through lot subdivision process) ARV: $1,100,000 each home DRIVE BY ONLY... PROPERTY IS A TEARDOWN!!! VIEWS and more VIEWS from this amazing property! Developer opportunity!!! Lot size is 7, 465 sq. ft. per assessor, approx. 50 ft. x 150 ft. Bring your contractors or investors for this amazing construction opportunity! Property is zoned LAR2, and can be made into a legal duplex. Lots of new construction going on in the area and even the same street. Zillow's esimate as of 3/17/2018 is $1, 375, 859. Highly sought after Echo Park property, and just adjacent to Silver Lake. The existing house may have non-permitted additions. and is much larger than assessor records indicate. Property is being sold as a fixer, land value, or a development opportunity. Nice big flat pad. Just a short walk to the Silver Lake reservoir. Property has existing code violations against it. Easy access to the Glendale Freeway, 5 Freeway, and 101 Freeway. Local favorite hot spots include Pollen, Lamill Coffee, The Satellite, The Red Lion Tavern, 365 by Whole Foods Market, and Silver Lake Wine. Huge potential for profit awaits. COMPS 1700 Brewer Trl Los Angeles, CA BED: 2 BATH: 3 SF: 1,460 LOT: 2,461 SP: $1,100,000 2118 Echo Park Ave Los Angeles, CA BED: 2 BATH: 2 SF: 1,336 LOT: 4,846 SP: $1,125,000 2303 Edgewater Ter Los Angeles, CA BED: 2 BATH: 2 SF: 1,435 LOT: 5,678 SP: $1,235,000 100% FIX AND FLIP FINANCING AVAILABLE... ASK ME IF INTERESTED. 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
xxxxxx st, Los Angeles, CA 90042
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