$999,999 / 2br - 1299ft2 - DISCOUNTED Studio City/Toluca Lake Adjacent Fixer! (Studio City)

I have a DISCOUNTED Studio City/Toluca Lake Adjacent Fixer! Subject property is a 2bed/2bath on tax with an attached 2 car garage.
The property is in good condition and will benefit from upgrades throughout.
In the back, there is a guest house that can be used as additional living space or to bring in rental income (not included in total SF)! Located close to Ventura Blvd and many other restaurants! Call your NW rep before this one is gone! 🔥 Average days on market is 21 days with comps selling 102.
1% of list price! 🔥 *** EXCELLENT AVERAGES; most comps are selling within 10 days!*** Comps: There are some outdated/clean homes selling for $1.
3-1.
48M that are nothing special.
Rehab: Property is in good condition! However, I can see an investor adding their touch, cleaning it up a bit.
Fairly standard rehab here.
We also have a guest house/studio in the back.
Permit status unknown.
Investor to do all DD.
If you can get this permitted or reflected on tax, that can raise your total sqft to an additional 350-400 more sf.
That can bring your total to 1600+SF! With comps selling around $950+/sf, that can bring you to a $1.
55M+ value! I'm estimating $1.
35M as the ARV, if some people want to be conservative about the LA River behind us, but we are on a cul-de-sac.
Not noisy at all! Highlights: - $100K BELOW CURRENT LIST! (original list at $1.
2M) - Only 15 DOM! - Cosmetic fixer with guest house! - On a culdesac! - Studio City / Toluca Lake adjacent! Objections: - You tell me! David 424-256-021SIXXXXXXxx For quick response call or text me.
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