Description
FIXER ALERT! ATTENTION INVESTORS!! THIS IS A GREAT INVESTMENT PROPERTY! This is a permitted legal LARGE Duplex on a huge lot with detached garage and alley perfect for ADU's with their own back entry access. Both units are rented month to month to tenants paying on time $1,500x2 for a total of $3,000 per month. Has a huge upside and potential to add income from garage conversion or ADU. Each unit has their own water and gas meters. Electric and gas is paid by each individual tenant now. Owners takes care of water. Property needs work, priced as lowest price per sq ft. Could be a great buy and hold cash cow with future forced appreciation or even a flip margin is there. the property has a large lot containing two separate driveway entrances from the front and rear. The front driveway can fit up to four vehicles and the rear driveway/ backyard can fit up to six vehicles. The large backyard is a blank canvas of many potential. 1 RV on property that come with it (no pink slip) left from previous owner comes with it. Conveniently located to freeways and popular transportation sources including the Metro Blue Line as well as being within close proximity to Washington Park, schools and by the Avalon Gardens and Hacienda Village neighborhoods. PLEASE DO NOT DISTURB THE OCCUPANTS, SELLERS WISH TO SELL WITH PAYING TENANTS IN PLACE. Total on title 4 bed + 4 baths on 1,540 sq ft on a massive 7,146 SQFT fenced off lot. Property may not qualify for conventional financing; Priority to cash or a hard money loan. Sold as is where is complete fixer. BPO As is value $525k-$550k, After repair Value ARV $720k-750k. Deadline for offers May 4th
-
4BEDS
-
0.16ACRES
-
4BATHS
-
01/2 BATHS
-
1,540SQFT
-
$325$/SQFT
Description
FIXER ALERT! ATTENTION INVESTORS!! THIS IS A GREAT INVESTMENT PROPERTY! This is a permitted legal LARGE Duplex on a huge lot with detached garage and alley perfect for ADU's with their own back entry access. Both units are rented month to month to tenants paying on time $1,500x2 for a total of $3,000 per month. Has a huge upside and potential to add income from garage conversion or ADU. Each unit has their own water and gas meters. Electric and gas is paid by each individual tenant now. Owners takes care of water. Property needs work, priced as lowest price per sq ft. Could be a great buy and hold cash cow with future forced appreciation or even a flip margin is there. the property has a large lot containing two separate driveway entrances from the front and rear. The front driveway can fit up to four vehicles and the rear driveway/ backyard can fit up to six vehicles. The large backyard is a blank canvas of many potential. 1 RV on property that come with it (no pink slip) left from previous owner comes with it. Conveniently located to freeways and popular transportation sources including the Metro Blue Line as well as being within close proximity to Washington Park, schools and by the Avalon Gardens and Hacienda Village neighborhoods. PLEASE DO NOT DISTURB THE OCCUPANTS, SELLERS WISH TO SELL WITH PAYING TENANTS IN PLACE. Total on title 4 bed + 4 baths on 1,540 sq ft on a massive 7,146 SQFT fenced off lot. Property may not qualify for conventional financing; Priority to cash or a hard money loan. Sold as is where is complete fixer. BPO As is value $525k-$550k, After repair Value ARV $720k-750k. Deadline for offers May 4th
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-04T09:28:19.753. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.