Phenomenal Van Nuys Fixer

[Jesus Yinh]

This is a wholesale deal under contract and ready to be assigned... Property has approved plans so you can start construction immediately!!!

14438 Tiara St Van Nuys, CA 91401

SFR

3 bed

2 bath

1,422 sf

Lot: 6,764 sf

Purchase Price: $835,000 (fee included in price)

EMD: $20,000

Repair Est: $175,000 (Approved plans to tear down back house and build 2 brand new - 1 bed 1 bath 2-story townhomes with 2 car garge each adding 1,570 sf to the existing front house for a total of 2.992 sf triplex. The tenant in the front house is paying $3,200/month for rent and will remain in the property after close of escrow)

ARV: $1,300,000

PLEASE CLICK ON LINK TO VIEW APPROVED PLANS:

https://crgnow.box.com/s/zgqqux5ye59fizrve5m6quxb8xur0jp1

PROPERTY IS OCCUPIED AND SHOWN BY APPOINTMENT ONLY... EMAIL OR TEXT ME TO SCHEDULE SHOWING.

AMAZING OPPORTUNITY TO BUILD 2 TOWNHOUSES 1BR/1BA WITH A 2 CAR GARAGE EACH, PROPERTY IS SOLD WITH BUILDING PERMITS, APPROVED PLANS, ENGINEERING, SURVEY AND ARCHITECTURAL, PROPERTY ALREADY HAS TWO HOMES IN ONE LOT, FRONT HOME HAS 3 BEDROOMS, 1 BATH WITH LARGE LIVINGROOM, DINNING AREA AND LAUNDRY INDOORS, THE GUEST HOUSE OFFERS A LARGE KITCHEN AND LIVING AREA, BOAST GRANITE COUNTERS, NEWER WINDOWS, LAMINATED WOOD FLOORS, BREAKFAST AREA; BOTH STRUCTURES WERE REMODELED A WHILE AGO, PLENTY OF ROOM TO PARK AN RV. , BACK HOUSE WOULD NEED TO BE DEMOLISHED IN ORDER TO ACCOMMODATE CONSTRUCTION OF THE 2 OTHER STRUCTURES. PRIME LOCATION, CLOSE TO ENTERTAINMENT AND SHOPS.

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

Run your numbers and email me if interested. Thank you.

 Jesus Yinh

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

Email: [email protected]