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This is a great deal. The address is 658 S. Sycamore, Los Angeles, CA 90036. Rehab repairs 70,000.00. I have looked at the property and driven the comps. The property detail report states the property is a 2 bed 1 bath,1509 square feeet but it is really a 3 bed 1.750 bath. You would need to get the other room permitted but it is already there and so is the closet space. In addition to that the previous owner opened up the attic which now can be used as an office. The garage has been finished in the inside (for the most part) but the exterior and the doors would need to be replaced. Email or call for the lock box code if you are interested.

Here are the comps:
312 Citrus Los Angeles, Ca 3 bed 1.750 bath, 1600 square feet, this is closing this week for just over 900,000.00. I spoke to the agent who gave me this info since it was closing this week. She also stated the property needed a little work. This is the best comp for this property.

947 S. Cloverdale, Los Angeles, CA COe = 1-11-2010, 775,000.00, this property is south of Wilshire and considered less desirable. I went by there and the owner or investor is completely rehabbing the property.

These are the only 2 comparibles I have at the moment the others pulled were in completely different neighborhoods. 920 Cochran is around the corner from 947 S. Cloverdale. I spoke to the agent she is having an open house this week, her house is a 4 bed 2 bath 2000 square feet, listed at 1 million. This house is bigger and has another bedroom.

If you were to add 300 sq feet to the potential flip on 658 S. Sycamore in Hancock Park the comps are coming in about $1,350,000 the highest one I have is at $1,540,000.

Million Dollar fixer for way less than $1mill YOU MAKE OFFER!

9202 Manzanar Ave, Downey, CA 90240

5 bed 5 bath, 5624 square feet , 7500 lot size built 2005. Rehab repairs 125,000.00. This house has no deferred maintenance, it was turned into 2 units and will need to return to its original zoning SFR. The cost of moving the walls with a tuscany finish is 18,000.00, quote from a contractor. The kitchen will need to return to its original location and updated. New flooring (marble) paint and new upgrades throughout will be needed. Therefore 125,000.00 - 18,000.00 (walls) leaves the balance for a beautiful updated home. Pool = Yes

Here are the comps:
9103 Raviller Drive, Downey, CA coe = 1-15-2010 sale price - real quest shows 1,230,000.00, the mls shows 1,699,000.00 6 bed 7 bath 5709 square feet, lot size 10880 has a pool

8336 Lexington Rd Downey, CA coe = 2-23-2010 sold price 1,420,000.00 6 bed 6 bath 6286 square feet 12,632 lot size, has a pool, this property is completely remodeled with marble and updated kitchen

9377 Gallatin Rd, Downey, CA new active listing, short sale 1,100,000.00, 5 bed 4 bath 6527 square feet and 10,064 lot size
Make an offer!!
Call us @ 562-209-3815

See pictures below!!

3 Bedroom 1Bath Fixer in Hawthorne California

3715 W. 144th St. Hawthorne, CA 90250

Asking $226K Repairs $30K After Repair Value $338K

Contact us for many more pictures on this property

SAN FERNANDO VALLEY FIXER

8130 Tyrone Ave. Panorama City CA 91402

$240,000 2 bedroom 2 bath single family 1,177sqft Lot 5,662, built in 1949. The property can double as a 2 unit ( 2x 2/1),

1,600sqft renting for $1,500 each. Needs some work on main house, second unit needs only cosmetics, around $30,000.
Appraisal came in $310,000 ARV based on 2/2 single family..... As a long investment it creates positive cash flow!!!

Can get permits to increase the value immediately, flip it. It has many exit strategies.....has great potentials. COMPS
Out of 12 distressed sales (in close area) which needed work, 8 sold $250 or over!!! (Last 3 months) Average is $242

See pictures below