2512 & 2520 Hines Dr. Los Angeles, CA 90065
2 Off-Market Vacant Lots in Glassell Park
2512-(APN: 5462-003-032) Lot size: 4,695 sqft
2520-(APN: 5462-003-031) Lot size: 5,134 sqft
Purchase Price: $380,000 for both lots (
fee included in price)
EMD: $11,000
Repairs: $800k to build 2 homes next to each other - 3 bed/ 3.5 bath homes approx 2,000 sqft each
ARV: $875k-$900k per home
Escrow Period: 20 days
Due Dillegence Period: 10 days
The Soil & Geology is approved.
The Green Plan Check and Architectural/structural Plan checks comments/corrections are back from City.
Buyer is responsible to complete the planning process and get plans approved.
Here is the link to the plans for your review:
https://crgnow.box.com/s/abwg4y98pyv9encrn6hg9o8fnexln99s
Comps:
http://www.themls.com/MLSReports/Stats/EmailedReports/AXoaIbi60eOeuEm48YQfqA2#/custom/3
2 vacant lots in Glassell Park area with paved street and close access to public sewer. An excellent opportunity to build 2 custom homes in a desirable area. Plans are for 2 custom homes that have been submitted to the city and are in the planning process... The Soil & Geology is approved and The Green Plan Check and Architectural/structural Plan checks comments/corrections are back from City. Each home will be approx. 2,000sqft with 3bed 3.5 bath and views to downtown. The plans are not approved yet and the buyer is responsible to finalize the plan approval process to get the approved plans.
Buyer to do their own due diligence and comps...
Run your number and email me or text me if interested. Thank you. Jesus Yinh
CAPITAL REDEVELOPMENT GROUP LLC
Managing Partner
Direct: (310) 926-3844
View some of our projects:
https://www.youtube.com/watch?v=u39gWi9yDFQ
https://www.youtube.com/watch?v=zc73cnaln54
https://www.youtube.com/watch?v=OTXjDtBkh1A&feature=youtu.be
https://www.youtube.com/watch?v=ZaxLa__dYqU
