Sold $599,000
Property with SPECTACULAR views! Includes both the vacant lot, as well as the lot with the red structure. It is in the process of being divvied up into two parcels (you will take it the rest of the way with our guidance), which allows you to build one single family residence on each parcel. The seller has done all the research, and the reports are available here (just click on the blue link that says ‘docs’). We’ve got soils, slope analysis, site plans and floor plans for two single family residences, each 3 bed 3 bath. One is 1800 sq ft and one is 2000 sq ft. Located in the best part of Lincoln Hts, which is one of the most rapidly gentrifying neighborhoods in all of L.A. According to my comparative marketing analysis (which I can provide for you upon request,) you can sell these for approximately $850K and $900K each. According to my contractor you should be able to build these homes for approx $150/sq ft. (very flat, build’able and accessible) leaving a nice profit margin.
Contact me if you’re interested.
Cheers,
Ken
