Wholesale Deal - Amazing Fixer in North Hollywood

[Jesus Yinh]

Property is under contract and ready to be assigned or open to joint venture...

5415 Auckland Ave North Hollywood, CA 91601

SFR

3 bed

1 bath

1,400 sf

Lot: 6,544 sf

Purchase Price: $548,000 (fee included in price)

EMD: $10,000

Escrow Period: 17 days

Repair Est: $60,000

ARV: $790,000 (legalize the unpermitted 1bed/1bath approx. 200 sf connected by permitted enclosed patio approx. 300 sf to end up with a 3bed/2bath 1,400 sf home)

Shown by appointment only... Email me at [email protected] to schedule showing.

Highly desirable No Ho Arts District property!! Prime location near Chandler and Cahuenga!! 2 + 1 (900 sqft) original house permitted. Enclosed patio (300 sqft) permitted. Non permitted 1+ 1 (200 sqft). Total sqft approx 1400. Good sized lot 6550 feet, street to street with multiple entry points. Big rear yard with rear gate access. Great property for industrial use. Can be all combined for 1400 sqft residence by smart builder/ investor. Hardwood floors all rooms, attractive street and great curb appeal, close to nearby trendy shops, multiple entrance points for maximum use of lot. Sold in As-Is condition.

Comps:

1) 10400 Mccormick St, North Hollywood , CA 91601 - 3bed/3bath SF: 1,447 Lot: 8,164 SP: $835,000 SD: 01/27/2016

2) 5302 Strhom Ave, North Hollywood, CA 91601 - 3bed/2bath SF: 1,402 Lot: 6,714 SP: $810,000 SD: 05/03/2016

Run your numbers and email me directly at [email protected] if interested. Thank you.

Jesus Yinh
CAPITAL REDEVELOPMENT GROUP LLC
Managing Partner
Direct: (310) 926-3844

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