12116 E Ave V10, Pearblossom, CA 93553

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.