I have an AMAZING OFF MARKET Opportunity in LA 90046! This big boy is a single story mid century SFR sitting on just shy of 12,000 sqft lot offering 3,058 sqft of living space, 4 beds, 3 baths, a pool & VIEWS!!! The property is already gutted & down to the studs so easy for your investor to go in there & change things around & finish it to hit the top end of the market! Property was previously owned by an investor who bought it for $3.
1M back in 2021 but couldn't finish the project so it defaulted with the bank! We are offering it to our investors for $400k LESS two years later!!!! This property is NOT a tear down unless you'd like to, there are permits available to remove a load bearing wall, revise floor plan & do a full remodel; Link Below! I have included BOTH resale value comps & rentals comps giving our investors multiple exits on this one!
Property was previously listed by the previous owner at $3.
45M prior to the Bank defaulting on them! They received investor offers as low as $2.
8M but the Bank would not approve at the time!
COMPS:
- 8000 Woodrow Wilson Dr - 4 beds 4.
5 baths, 3,119 sqft, on 20,711 sqft lot - Excellent Condition, NO Views, One of our closest comps just closed 07/07/23 for $4,210M ($215k over list) ONLY 5 Days On Market
- 2586 Greenvalley Rd - 4 beds, 3 baths, 2,413 sqft, on 24,559 sqft lot - Heavy Fixer (Needs a Full Gut), much smaller in sqft, Closed 05/12/23 for $2.
58M Cash ($331k over list) ONLY 14 Days On Market
- 2961 Briar Knoll Dr - 3 beds 3.
5 Baths, 3,088 sqft, on 8,739 sqft lot - *Rental Comp* Fully renovated & newer build, leased out for $17,500 ONLY 9 Days On Market! This investor purchased this property for $2.
995M back in 2018 (Our all in number w/ rehab is approx $3-3.
1M)
Highlights:
- Off Market
- Big Spreads $1M+
- Multiple Exit Strategies
Objections:
" The power lines are in front of the house"
Answer - "The power lines are obstructing the views by any means & some of our comps are also surrounded by power lines & still selling $200k over ask price *8000 Woodrow Wilson Dr*
David 424-256-021SIXXXXXXxx
For quick response call or text me.
Or copy and search bellow.
↘️↘️↘️ https://www.
newwestern.
com/agent/david-azizz/ ↙️↙️↙️
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