Courtesy of Elite REO Brokers
Property Description
Calling all investors, developers, contractors, and flippersthis is the rare chance youve been waiting for! Nestled in a prime location, this property offers an unmatched opportunity to unlock its full potential with a high return on investment. Whether youre looking for your next project to flip or searching for a long-term investment with significant appreciation potential, this fixer-upper is a hidden gem, priced well below market value for a quick sale. The property comes with architectural plans already available for a comprehensive remodel, saving you time and effort in the planning stages. Once completed, the estimated after-remodel value is an impressive $5,800,000, providing ample opportunity to capitalize on this venture. Whether you plan to resell or hold the property as a lucrative rental, this project promises a remarkable return on your investment. The existing structure is primed for a transformation, offering a blank canvas for a new vision. Imagine designing a luxurious and modern home that meets the demands of todays discerning buyers. The spacious layout, generous lot size, and desirable location make this property ripe for a significant upgrade. Roof deck included in the initial plans. Verbal approval on the plans from the city.
Open House
Property Details and Features
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Bathrooms
- 1 half bathroom
- 3 full bathrooms
- 4 total bathrooms
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Bedrooms
- 4 bedrooms
- 4 total bedrooms
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Building
- 2,400 estimated square feet
- Source: Estimated
- Built in 1908
- 2 stories
- 2 story
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Water Features
- Public
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Laundry
- Inside
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Listing
- Source: SDMLS
- For Sale
- 45 days on market
- Listed on 2024-09-20
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Location
- County: Orange
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Lot
- Approximately 2,178 square feet
- 1-3,999 SF
- Approximately 0 acres
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Property
- Bay
- Ocean
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Sewer
- Public Sewer