Posted : Monday, July 29, 2024 06:19 PM
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I have a pretty awesome deal right in our backyard in South LA.
The property is a Spanish style 1440 sf 3/2 on a conforming lot for the area.
We have great curb appeal and our comps are blasting off into the 9's.
We're going to be delivered vacant which is great.
Property Details:
1482 sf 3/2
5990 sf lot
Detached 2 car garage
Spanish style
Pros:
Curb appeal
Bed bath count
2 car garage vs 1 car (we have a 2 car)
Mid block
Off market
Off market is great for investors because they typically can get away with pulling less permits to do nice rehabs quickly.
Delivered vacant
Cons:
We need work
Landscaping
Master bed/bath size
Access is tough (matterport)
Rehab: See matterport link for current condition.
Some of the comps have guest houses.
The most recent pending comp at 995k does not.
The 900k comp has a 1 car garage.
The other two have some sort of value add.
I don't think we really need to do the ADU/guest house thing but there's an opportunity to do it.
David 424-256-021SIXXXXXXxx
For quick response call or text me.
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• Phone : NA
• Location : Los Angeles,CA
• Post ID: 9020964057
Posted : Wednesday, September 04, 2024
Posted : Wednesday, September 04, 2024
Posted : Wednesday, September 04, 2024
Posted : Wednesday, September 04, 2024
Posted : Wednesday, September 04, 2024