Wednesday, April 23, 2008

Watts Duplex for Land-Value

No excuse for not buying! Here is another true wholesale deal. A legal duplex on a good street in Watts for 35 cents of a January "As-Is" appraisal ($382,000)! - Less Than Land Value! Only $134,700 (includes assignment fee) - cash or hard money only! 10-day close.

1700-block of E 112th St, Los Angeles, CA 90059

This property is surrounded by nicely fixed homes and units. No influence from "projects". Right across the street are 4 brand new duplexes (2 still under construction). Great rental income potential.

The front house could be fixed. The back unit is in ruins. Typically, these old homes in the neighborhood are being torn down and rebuilt from scratch.

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Front (note the nice property next door!)

Living Room

Hall

Bedroom

Kitchen

Bath

Back of the front house



Back unit (tear-down, not liveable)

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