$1,060,000 · LOS ANGELES, CA 90008
Works for flippers · Landlords would lose money

Available

$1,060,000Asking price

3 bd · 3 ba · 1,895 sq ft · built 1947

LOS ANGELES, CA 90008

No contract on file

via InvestorLift Classic

1 view · listed Oct 28

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $1,490,000
Asking price: −$1,060,000
RepairsMiddle of the seller’s $100,000 – $150,000. Ours: $26,500 – $55,500: −$125,000
Loan, holding, closing20% down, 12% interest, 2 points, 110 days: −$124,127
Profit12.1% of ARV · flippers want 10%+: $180,873
Works

Works for a flipper up to $1,089,000.

NEXKEY COLLECTIVE

Albert

No reviews yet

Comps

Sales

Rents

ARV $1,490,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $1,179,000.

The sales behind this value are shown to members.

ARV $1,490,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

NEXKEY COLLECTIVE

Albert

No reviews yet

Seller Description

Property Address: 3825 S Burnside Ave, Los Angeles, CA 90008

Asking Price: $1,060,000 Estimated ARV: $1,490,000 Potential Gross Spread: $430,000

PROPERTY DETAILS• 3 Bedrooms / 3 Bathrooms• 1,895 Sq Ft Living Area• 7,277 Sq Ft Lot• Year Built: 1947

LOS ANGELES INVESTORS, CHECK OUT THIS OPPORTUNITY!

Looking for your next high-value investment in Los Angeles? This 3-bedroom, 3-bathroom property offers 1,895 square feet of living space on a 7,277-square-foot lot.

Offered at $1,060,000 with an estimated after-repair value of $1,490,000, the property presents a potential $430,000 gross spread before renovation, holding, financing, closing, and resale costs.

Potential fix-and-flip opportunity Value-add investment potential Spacious lot with room to evaluate possibilities, subject to zoning and local regulations Located in Los Angeles, California

Pictures:https://drive.google.com/drive/folders/1z7qEbU534ffyltOvPI4483ujgDwbbMZY