2 Off-Market Vacant Lots in Glassell Park with Plans

[Jesus Yinh]

2512 & 2520 Hines Dr. Los Angeles, CA 90065

2 Off-Market Vacant Lots in Glassell Park

2512-(APN: 5462-003-032) Lot size: 4,695 sqft

2520-(APN: 5462-003-031) Lot size: 5,134 sqft

Purchase Price: $380,000 for both lots (fee included in price)

EMD: $11,000

Repairs: $800k to build 2 homes next to each other - 3 bed/ 3.5 bath homes approx 2,000 sqft each

ARV: $875k-$900k per home

Escrow Period: 20 days

Due Dillegence Period: 10 days

The Soil & Geology is approved.
The Green Plan Check and Architectural/structural Plan checks comments/corrections are back from City.

Buyer is responsible to complete the planning process and get plans approved.

Here is the link to the plans for your review:

https://crgnow.box.com/s/abwg4y98pyv9encrn6hg9o8fnexln99s

Comps:

http://www.themls.com/MLSReports/Stats/EmailedReports/AXoaIbi60eOeuEm48YQfqA2#/custom/3

2 vacant lots in Glassell Park area with paved street and close access to public sewer. An excellent opportunity to build 2 custom homes in a desirable area. Plans are for 2 custom homes that have been submitted to the city and are in the planning process... The Soil & Geology is approved and The Green Plan Check and Architectural/structural Plan checks comments/corrections are back from City. Each home will be approx. 2,000sqft with 3bed 3.5 bath and views to downtown. The plans are not approved yet and the buyer is responsible to finalize the plan approval process to get the approved plans.

Buyer to do their own due diligence and comps...

Run your number and email me or text me if interested. Thank you. 

Jesus Yinh
CAPITAL REDEVELOPMENT GROUP LLC
Managing Partner

Direct: (310) 926-3844

View some of our projects:

https://www.youtube.com/watch?v=u39gWi9yDFQ

https://www.youtube.com/watch?v=zc73cnaln54

https://www.youtube.com/watch?v=OTXjDtBkh1A&feature=youtu.be

https://www.youtube.com/watch?v=ZaxLa__dYqU