MAJOR deal!
FSBO: Fixer for sale at a HUGE discount - fire damaged Hollywood SFH, with nearby comps at $1.2m!
Major deal alert!!
This is not listed and off market
For sale by owner at a HUGE discount-
As this is a major fixer.
Fire damaged property— all of interior will need to be gutted.
Outside exterior is fine.
Located in a great, appreciating market- perfect for a fix and flip, rental, or Airbnb!
This is located in Hollywood, CA.
Zip code 90029.
Excellent location, near the freeways, close to Hollywood and Downtown Los Angeles.
Neighborhood is a strong market, with upside.
Major development nearby, blocks away in Santa Monica Blvd = a brand new ground up development for Echelon Studios. It will be an entire block, consisting of brand new 388,000 sf of office space , 11,000 sf of studios, and 12,300 sf of restaurants and retail.
Hub of economic activity nearby, and lots of other new housing and new developments.
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As a bonus,
Plans have already been drawn, submitted to the city, and permits have been pulled.
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HUGE upside— a home just sold (a comp nearby) for close to $1.2m nearby.
This is a SFH.
Priced at $650k
ARV = $975k - $1.395m
Has a driveway and small backyard area.
This is off market, for sale, FSBO, motivated owner.
This is NOT a wholesale deal or a fake ad— rather this is a major fixer and rehab, with some major upside for the work.
Plans will be for remodeling the house and a garage conversion to an ADU = 3bed + 2bath + an ADU (1+1)
Approx 1200 sf
Plans are already drawn and permits pulled— saving you time with a shovel ready project.
Or, can develop different plans.
Lot size is 2,800 sf lot with a current 2+1 house on it.
House had a fire, with interior damage- but structure is still sound, with plans consisting of an interior remodel, new roof, and garage ADU conversion.
Lots of margin, great for fixing and flipping, or remodeling and renting out, as either a long term hold, furnished mid term rental (for hospitals nearby) or short term Airbnb rental with Hollywood (major attractions, studios, universal Hollywood, DTLA) nearby