Tuesday, May 16, 2006

More options and one back to market

Ashwood is back. The top offer of a couple of weeks ago fell out! Buildable into new SFR !


I will track this one on this blog even if one of my clients do not get it. It is in Mar Vista area just east of Walgrove Ave and West of Beethovan. The best lot deal in the area. It is back on the Marketat new price of $679,000. They raised the price by 20k after it fell out. Last time there were a bunch of offers. They took the “all cash” offer and did not counter the other offers. Will all those suitors come back?

Today I showed it to a friend that had expressed interest in a site he could improve. He was properly impressed and will likely be working on his numbers while I am typing this tonight.

Another quick fix and flip is also in the area. Bigger lot. Newer house. Just need to peal away the old stuff and freshen it up. Any one out there want to make a short play on a $850,000 house that may be able to go for more once improved? Got to take down a lot of country stuff.

Give it a bit of sprucing up. Revamp the Landscape and polish the hardwood. Update the kitchen. It does not have the view that drove a lot recently over 1 million. But it has the bones of a fairly decent house. Can you make friends with the floor plan and make it speak to the heart of a new buyer? Possibly profitable for you if you can!

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