LOCATION LOCATION LOCATION!!! I’m more than excited to let you all know we have a rare opportunity for a light cosmetic fixer in the hills of the highly sought after Greenbriar neighborhood of Glendale for all our LA investors, and any investor looking for a great play.
The property shows as a 3721 SF 4 bed/ 4 bath pool home on a 9,840 SF lot.
Similar homes are selling for an ARV of $2.
735M with ONLY a 13 day average on market!!! Amenities range from nearby top shopping, great schools, and close freeway access to both the 2 and 134 freeways.
SPECS: Property shows on the tax records as a 3,821 SF 4 bed/ 4 bath home on a 9,940 SF flat lot that is almost all usable.
COMPS/EXIT:
The play on this would be either a fix and flip, or even possible rental income due to the home having a maids quarters with its own separate entrance off E Mountain St while the main part of the residence entrance is on a private culdesac on the street above off Torres Dr.
So you can live in the main section of the home while renting out the maids quarters, or even rent out both! Average rent in this area for anything around 2000-2500 SF(main quarters) is around $8000/m, and average rent in this area for less than 2000 SF(maids quarters) is around $4500/m.
Average rent for similar homes 3000+ SF goes for an average $14,000-$15,000/m.
So there's great passive income to be made from this property whichever way you look at it.
In terms of comps for a fix and flip, similar homes are selling for 113.
10% of their listing price with an ARV of $2.
735M while averaging ONLY 13 days on market!!!
REHAB: This is a light cosmetic fixer so some cleaning, and some minor remodeling would take this to an exit around $2.
75M-$2.
8M.
Factor in equity over time by the project's end, and you're looking at closer to $3M!!! Also none of the comps are even really close in size to this listing so the ARV could be higher!
HIGHLIGHTS:
- Huge Margin
- Views
- Prime Location
- Multiple exit strategies
OBJECTIONS:
You Tell Me
David 424-256-021SIXXXXXXxx
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* Trust*,*tools*,*paint brush*,*Great Value*,*Personal Touches*,*Investor Opportunity*,*investor Special*,*Good Bones*,*remodel*,*shine*,*Quaint*,*Hard Money*,*Bank Owned*,*Make It Your Own*,*Flip/Flipper*,*Handyman Special*,*Needs Updating*,*needs Repairs*,*Endless Possibilities*,*Motivated Seller*,*Instant Equity*,*Dated*,*Potential*,*Estate*,*Probably Needs*,*Vision*,*Repaired*,*sweat Equity*,*Personal Touch*,*seller Unable*,*Make Repairs*,*Priced Right*,*no SPDS*,*Damage*,*cosmetic Repairs*,*Sell Quickly*,*no Blind Offers*,*One Owner*,*Same Owner*,*location!*,*Foundation*,*Priced to Sell*,*Cracks*,*Original*,*Rehab*,*Non Repairs*,*Out of State*,*Cash Only*,*Divorce*,*As is*,*Potential*,*investor Special*,*Investor*,*fixer*,*cash*,*TLC*,*sell Quickly*,*dated*,*make it your own*,*priced right*,*gem*,*diamond*,*investor*,*opportunity*,*needs work*,*gutted*,*blank slate*,*make it your own*,*Investor Dream*
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