LINK TO PICTURES
PRICE LOWERED $45k to $580,000
Fantastic Opportunity with On Market Property
MONEY to be made here with this property PLUS ADU in the rear. This property is listed for $699,999 on the MLS. We were able to negotiate a deep discount on the price so the numbers work in your favor.
The house shows as a 2 bedroom in the County Assessor’s records but there is a 3rd bedroom, off the living room. This 3rd bedroom shares a large closet with another bedroom which can be divided. All 3 bedrooms are under the original square footage of the house (see the above video walkthrough).
The accessory dwelling unit (ADU) was present when current owner purchased the property and may be unpermitted. The space has the potential as a studio with bathroom and kitchen. Buyer to satisfy themselves as to validity of the unit and its permit status for occupancy.
OCCUPANCY:
Seller requests 3 days after closing to vacate premises. $25,000 to be held with escrow until property is completely vacant. Seller needs funds from sale to move.
Price: $580,000 CASH ONLY DEAL
ARV: $945,000
3 Bed, 1 Bath
1,575 sqft.
.13 acres
Closing by: December 22nd, 2022
$10,000 non-refundable EMD (earnest money deposit)
Proof of Funds are required at time of deposit.
FIRST COME, FIRST SERVED
ACCESS: CALL FOR ACCESS
Call/Text Steve at: 860-579-1421
NOTES:
- California Basement
- Tankless Water Heater
- ADU (check for permit)
- 1 Car Garage with storage
COMPS:
- 5019 Denker Ave, Los Angeles – SOLD – $925,000 on 6/6/2022 (-10% market adjustment = $832,500)
- 1441 W 52nd St, Los Angeles – SOLD – $949,000 on 9/29/2022
- 1583 W 48th St, Los Angeles – PENDING – $989,000
Please READ the Property Inspection & Walkthrough Guidelines
Disclaimer:
House is being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the properties above. Price based on a cash or hard money offer and is net to seller. All offers on properties require a non-refundable earnest deposit and have an average 7 to 10 days to close of escrow. Buyers to do their own independent due diligence. Mum City Homes LLC members make no guarantees concerning property condition, value, characteristics or financial benefits. Equal Opportunity Housing.