🚨🔥Too Hot at $550k🚨🔥 Los Angeles Property

Los Angeles County, Los Angeles, CA, 90062
Sold
Listed at: August 30th, 2023
Price
$550,000
ARV
$945,000
Gross Margin
$395,000
Sq. Footage
1575
Type
Single-Family
Parking
Detached Garage
Year build
1912
Lot size
0.13 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

Fantastic Opportunity with On Market Property

MONEY to be made here with this property PLUS ADU in the rear. This property is listed for $699,999 on the MLS. We were able to negotiate a deep discount on the price so the numbers work in your favor.

The house shows as a 2 bedroom in the County Assessor’s records but there is a 3rd bedroom, off the living room. This 3rd bedroom shares a large closet with another bedroom which can be divided. All 3 bedrooms are under the original square footage of the house (see the above video walkthrough). 

The accessory dwelling unit (ADU) was present when current owner purchased the property and may be unpermitted. The space has the potential as a studio with bathroom and kitchen. Buyer to satisfy themselves as to validity of the unit and its permit status for occupancy.


Disclaimer: House is being sold as-is, and buyer is to pay all closing costs. Buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. All offers on properties require a 1% non-refundable earnest deposit (unless stated) and have an average 14 day close of escrow. Buyers to do their own independent due diligence. Mum City Homes, LLC and Mum City Homes, LLC members, directors or employees make no guarantees concerning property condition, value, characteristics or financial benefits. Prices are NET to seller with buyer paying all closing costs. Opinions of value / rents are given as a courtesy and no guarantees are expressed or implied. Our properties move fast so contact us quickly if there is a property you want to purchase.
Videos

1487 W 47th St, Los Angeles, CA 90062

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Steven Gagne

★★★★★
★★★★★
No reviews

Disposition manager