Investment Opportunity · La Crescenta, CA

3115 Piedmont Ave

La Crescenta, CA 91214 · MLS BB26191686

List price
$780,000
3 bd / 1 ba
Bedrooms / baths
1,130 sq ft
Living area
1940
Year built
6,671 sq ft
Lot

"Sold strictly as is. No repairs, no credits. Because of its current condition, the property will not qualify for conventional financing; cash or hard money offers only."

Listed by Ed Sanchez EMPOWER Real Estate DRE #01293683 · (818) 381-2047

From the listing. This approximately 1,130 square foot La Crescenta foothill home has been taken all the way down to the studs, a true blank slate for a full rebuild. The interior is completely open: no flooring, no interior walls, no ceilings, just the framing shell waiting for your vision. The lot is 6,671 square feet in this Glendale/La Crescenta foothill pocket, giving you extra room to plan your layout. The roof was replaced in 2007, and a detached garage rounds out the property. Sold strictly as is. No repairs, no credits. Because of its current condition, the property will not qualify for conventional financing; cash or hard money offers only. If you have been looking for a ground up project in one of La Crescenta's foothill neighborhoods, this is your opportunity to build exactly what you want, on a lot with room to work.

01 - Price This Property

What you qualify for on 3115 Piedmont Ave.

Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.

List price $780,000
State CA

A ballpark is fine. Nothing is pulled.

Flips, rentals bought and sold, or builds. Decides the down payment.

Our super rough estimate at $110 per sq ft. Put in your contractor's number if you have one.

The loan stays under 75% of it. Leave blank to size on the price alone.

    02 - The Numbers at Closing

    Priced at the list price.

    ItemOption 1Option 2

    *Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

    We are the lender, not the listing agent. This property is listed by Ed Sanchez, EMPOWER Real Estate ((818) 381-2047). To see it or make an offer, contact Ed directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

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