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Updated almost 9 years ago,
Fix and Flip opportunity in Los Angeles area
There is a flip opportunity available in a posh location in Covina city. The address is XXXX lyman ave, covina,91724.
It's 4 bed, 3 bath - 2400 sq ft and 12k Lot.
It's available for $500 to $520. Based on the comps, it can go anywhere from 670 to 700K once it is upgraded. The renovation cost is expected under $50K.
it's a good location in that city and good school district. It can be put in the market in 2 months after renovation. 2 to 3 months to close the deal.
Any feedback is appreciated.