$799,000
xxxxxx st, Los Angeles, CA 90042
Current Rent **
N/A
Projected Rent **
N/A
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
Location:
xxxxxx st, Los Angeles, CA 90042
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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