Short Sale Flip Opportunity - Orange County, CA
Buyer sought for this off-market opportunity.
The property is located in Beacon Hill, Laguna Niguel and is in a very highly sought after and desirable area - nothing has sold in this particular street for several years. A similar size property sold in the area last year for $1.3M.
It has partial ocean views to the front of the property, and views of Saddleback mountain to the rear.
The house sits on a huge lot (18,060sf) which is double the size of anything else in the immediate area. At present the back yard is in a state of disrepair and consists of salt water pool (in need of repair) and entertaining area. There is the potential to landscape and retain the existing infrastructure, or perhaps apply for consent to extend or build a casita. The house itself was built in 1984 and is in need of work. The exterior has termite / dry rot damage, the roof probably needs to be replaced, and it needs to be painted. The interior has marble floors on lower level, plantation shutters throughout, needs a new kitchen.
Contact me for more details.
CalBRE: 01955543