This new off market wholesale deal is located on the border of North Park and Normal Heights, and is close to schools, shopping, restaurants and easy freeway access.  Details on the property are below the walk through video:

Tax records indicate a 2 bedroom, 2 bath home that is 1,021 square feet.

However, this is incorrect.  I have personally walked the property and it is a 3 Bedroom/2 Bath single family home that is approximately 1300 square feet (image of stamped permit and drawings are downloadable here.).

This property also has a separate, detached garage which has been converted into a studio that is a 15 X 10 room with air conditioning and full ensuite bath, bringing the total available living space to a 4 Bedrooms and 3 Baths.

Main Home:
Bedrooms: 3
Baths: 2
1300 Sq Ft

Detached & Legally Converted Garage:
Bedrooms: 1
Baths: 1

150 Sq Ft

Lot Size: 3,507

Year Built: 1924

Parking: 3 cars will easily fit into the private driveway

School District: San Diego

Occupancy: property is currently tenanted.  Tenants have been informed they must move, but have until the end of February.  Buyer can close whenever they like.

Estimated Resale Value (ARV): $430,000-$450,000.

Estimated Repairs: $30,000-$35,000 (for a full blown renovation.  Should you wish to keep this as a rental property renovation costs would be approximately half of this).

YOUR WHOLESALE PRICE: Only $355,000

Potential Gross Profit: $40,000-$65,000

Showing Info: This property currently has tenants.  PLEASE DO NOT BOTHER THEM.  To schedule a private showing, please contact Miguel at 619-818-4506 or by email: sandiego.mns@gmail.com

Buyer must provide $5000 non refundable deposit , pay all cash and close very quickly.


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