Off Market Wholesale Deal In Altadena, CA

[Zachary Myers]

Hi guys!  First post here in the marketplace!  I work with New Western Acquisitions in California out of our LA/OC office. Below is a description of the property.  Feel free to contact me directly if you have any further questions!

OFF MARKET DEAL with potentially a huge spread. The property will probably need an addition of 800-1000 sq ft in order to maximize the value for an investor (current square footage is 785 sf). Average price per sqft of $450 throughout the area and if done right it could sell retail as high as $800k. The property is in great shape with many upgrades including a huge 2 car detached garage. Huge flat buildable lot on an interior street with tons of upside. Currently occupied and the seller will remain in possession for 21 days after closing with $10k held back in escrow until vacant. This will give an investor time to get the permits approved for the addition. Looking to close no later than 6/30/15.  Contact me immediately for more info.

Purchase Price: $439,900

Rehab: $100,000+

ARV: $725,000+

Zachary Myers

Disposition Agent

BRE# 01972294

Cell (714) 392-4883 http://newwestern.com

1835 W. Orangewood Ave.

#101, Orange, CA, 92868