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Updated almost 4 years ago on . Most recent reply

Mikhail Petrenko's profile image
Mikhail Petrenko's profile image
Mikhail Petrenko
  • Rental Property Investor
  • from Bay Area
  • Member since Apr 5, 2020
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User Stats

23
Posts
7
Votes
Mikhail Petrenko's profile image
Mikhail Petrenko's profile image
Mikhail Petrenko
  • Rental Property Investor
  • from Bay Area
  • Member since Apr 5, 2020
Connect
Mikhail Petrenko
  • Rental Property Investor
  • Bay Area
7
Votes |
23
Posts
Los Angeles County Real Estate Forum

Super tiny SFR In Monrovia - need help

Mikhail Petrenko
  • Rental Property Investor
  • Bay Area
Posted

Hi everyone!

My plumber wants to sell 1bd 1 ba 622 SF house in Monrovia CA (Mayflower/Foothill) as is.  The house is dilapidated but has a large 6500 SF lot (zoned as a duplex). His uncle still lives there (does not pay rent and does not want to move).
I may build 2 SFRs and remodel the existing house and use it as ADU.

It is almost impossible to find local comps (such a small house).

What would be a fair offer from an investor's standpoint for such a deal?

Los Angeles County, California
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