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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$420,000

Est. payment - /mo

4 Beds

2 Baths

2,258 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,258 sqft

Price per Sqft $186

MLS Listing ID MB26218526

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1938

Lot Size 0.867 Acres

Property Sub-Type Duplex

Property Description

Seller is willing to offer concessions. ATTENTION INVESTORS! The real opportunity is the HUGE LOT and 2 LARGE BARNS that could be converted to ADUs for rental income. Buyer to verify all potential uses, permits and conversion possibilities with Los Angeles County. FLIPPERS and CONTRACTORS will love this! RARE PEARBLOSSOM DUPLEX WITH HUGE UPSIDE! PROPERTY NEEDS TLC and is ideal for a HANDYMAN, CONTRACTOR, INVESTOR or buyer looking for a value-add project.

This is a great opportunity to acquire a duplex property on an oversized 37,756 sq ft lot in a rural setting. The property offers approximately 2,258 sqft of living space. The front house is currently VACANT and the rear house is OCCUPIED and producing $500 rental income BELOW MARKET VALUE. Creating potential for an investor to increase cash flow.

The property is zoned LCRA7500* and offers a rural/agricultural setting suitable for HORSES and FARM ANIMALS, subject to applicable County regulations.

GREAT OPPORTUNITY TO BUY AND BUILD, RENOVATE, ADD VALUE AND CREATE EQUITY. Multiple potential strategies include living in one unit while collecting rent from the other, renovating the existing units, improving the rental income, utilizing the substantial barn/storage areas, or exploring additional permitted improvements.

MOTIVATED SELLER. SELLER WILL CONSIDER A QUICK SALE. Bring your contractor, handyman or investment team and take a look! Properties with this combination of TWO UNITS, LARGE LOT, BELOW-MARKET RENT, TWO LARGE BARNS and significant VALUE-ADD POTENTIAL are hard to find. INVESTORS Don't miss this opportunity! It will sell fast.

Property sold "as is" buyer(s) and agent(s) to do their due diligence & satisfy themselves with regards to all aspects of the property including but not limited to square feet, room count, liens and permits. seller(s) or seller's agent(s) is/are not professional home inspector(s), contractor(s) or appraiser(s) and is/are not trained to guarantee or make promises in regard to property condition.

Location

State CA

County Los Angeles

Area Pblm - Pearblossom

Rooms

Main Level Bedrooms 4

Interior

Interior Features All Bedrooms Down

Cooling Electric

Fireplaces Type Primary Bedroom

Fireplace Yes

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Biking, Dog Park, Hiking, Horse Trails

View Y/N Yes

View Hills, Mountain(s)

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Duplex

Story 1

Entry Level One

Sewer Septic Type Unknown

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 3038019002

Acceptable Financing Cash, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan

Listing Terms Cash, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=iZDQ87-gEkI

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Listed by TIM MARAIS ROCKCAL REAL ESTATE 818-642-8524, DRE #02130924

NEARBY SCHOOL & BUSINESS

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12116 E Avenue V10 Pearblossom, CA 93553