Amazing Development Opportunity in Winnetka

[Jesus Yinh]

This is a wholesale deal under contract and ready to be assigned... OPPORTUNITY TO BUILD 2 HOMES IN ONE LOT!!!

7329 Kelvin Ave Winnetka, CA 91306

SFR

1 bed

1 bath

450 sf

Lot: 17,483 sf

New Purchase Price: $450,000 (fee included in price)

EMD: $5,000

Repair Est: $400,000 (Subdivide the lot and build 2 brand new 3 bed 2 bath homes with 1,500 sf each)

ARV: $1,170,000

PROPERTY IS VACANT AND HAS A SUPRA LOCKBOX... GO DIRECT!!!

Fixer upper property/possible tear down and rebuild with different possibilities. Very special single-level house on a large lot, has over 17,400+ square foot lot. Zoned LARA. Includes a two-car garage. Investment opportunity.

Comps:

7338 Irondale Ave Winnetka, CA 91306

BR: 3 BA: 2 SF: 1,450 LOT: 7,502 SD: 12/28/2016 SP: $540,000

7601 Lurline Ave Winnetka, CA 91306

BR: 3 BA: 2 SF: 1,461 LOT: 9,699 SD: 11/04/2016 SP: 520,000

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]