Here’s a smoking hot new “3 On A Lot” wholesale deal that you can either Fix and Flip or Buy and Hold:

2661-2663 Imperial Ave
San Diego, CA 92102

This property has 3 physical structures on one lot:

2661 Imperial is the front house, a 750 sq ft 2/1.
2663 Imperial is the middle house, a 400 sq ft 1/1.
2663 1/2 Imperial is the back house, a 600 sq ft 1/1.

All 3 units are currently occupied, (and underrented), but will be delivered vacant upon COE.

Each unit needs extensive interior and exterior renovations.

We have never seen inside of the middle unit…but you should assume that it needs to be torn down.

The rear unit is located above a 2 car garage that has alley access!

Here are the numbers:

Price: 315,000 (Cash only)
Repairs: $100,000
ARV: $550,000

We have this under contract and we are looking to assign our contract.

This means that this is for cash buyers only.

You can see a detailed financial analysis here.

You can see 3 solid ARV comps here.

No showings are expected to be available anytime soon as seller has a hectic schedule, and the property is occupied.

Serious buyers can arrange for an inspection upon accepted offer.

ATTENTION AGENTS: We love working with agents!  Bring us a cash buyer, and add your commission on top of our sales price ($315,000 net to us).

You can see pictures of the units here:

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