WOW!  A “two on a lot” wholesale fixer deal that is in Ocean Beach, only 1 block from the ocean!  This won’t last long, so hurry!

The front house is a 2/1 that is a complete rehab from top to bottom.

The back house is a 1/1 that can easily be converted into a 2/1.  The back house is in great shape, only needs some minor updating and cleaning.

There is also a double garage, one for each unit, that is available as well for cars or extra storage.

Huge lot provides for room for expansion, new patio, or even redevelopment (this property is zoned for 4 units!)

Price: $585,000 (agents: please add your commission on top)
“AS-IS” value: $655,000 (download appraisal here)
ARV: $800,000

Potential Exit Strategies:

1.  Fix up each unit, list and resell
2.  Fix up each unit, rent and hold for long term cash flow and appreciation
3.  Redevelop the entire lot and build 2 additional units

For access to this property, and to arrange a private showing, please call Miguel at 619-818-4506.

Pictures are below, and can also be downloaded here.

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