Summary
There are two houses (+1 mother in law apartment) on one big lot... each property goes out to their own street. (check pictures on google drive for satellite view)... There is endless exit strageties but we believe the best use of this is to sub divide each unit and sell for 1M and 1.2 for the the one with the mother in law suite.lot split and sell each property individually...4 bedroom properties are selling for 1M+ in the area + you have a possible ADU play
Property #1: Seller main house where seller lives: 5 beds 3 baths Property #2: 4 beds 2 baths Property #3: 1 bed mother in law apartment
From seller: "Everything is permitted except for bathroom upstairs" (see pictures below) COE: May 31,2024 7711 Forsythe St Tujunga, CA 91042
From seller: "Everything is permitted except for bathroom upstairs" (see pictures below) COE: May 31,2024 7711 Forsythe St Tujunga, CA 91042
Seller Holdback -Seller Holdback: $50,000 until June 16th 2024. Escrow shall hold $50,000 from the
seller's proceeds to be released to seller upon confirmed vacancy/keys by buyer on
or before June 16th 2024. If seller fails to vacate by said due date, funds shall be
released to buyer."
seller's proceeds to be released to seller upon confirmed vacancy/keys by buyer on
or before June 16th 2024. If seller fails to vacate by said due date, funds shall be
released to buyer."
Values in this area have been skyrocketing as more people relocate. It would be an excellent pick for any investor, whether you're looking to flip, buy and hold, or rent it.
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Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
Bedrooms | |
Bathrooms | |
Sq. footage |
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