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Updated almost 9 years ago on . Most recent reply

User Stats

17
Posts
5
Votes
Fernando Corrado
  • Investor
  • Porter Ranch / Northridge, CA
5
Votes |
17
Posts

Interested in how this million dollar house in Encino, CA is going down

Fernando Corrado
  • Investor
  • Porter Ranch / Northridge, CA
Posted

On my way to work I noticed this 5000+ sf house in Encino, CA  that is all boarded up.  Looked it up on Zillow and it looks from my untrained eye that it:

- Went to auction for somewhere betwen 500 and 800k.
- Sold for 1.1m
- New owner will fix it up for a few hundred thousand
- And possibly sell for 2m?

Any thoughts on my analysis?  Here is the house: http://www.zillow.com/homedetails/5040-Hayvenhurst...

thanks!

Most Popular Reply

User Stats

17
Posts
5
Votes
Fernando Corrado
  • Investor
  • Porter Ranch / Northridge, CA
5
Votes |
17
Posts
Fernando Corrado
  • Investor
  • Porter Ranch / Northridge, CA
Replied

I like the photo of the mailbox that they included! lol

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