Investment Opportunity · Rosemead, CA

8511 Grand Ave

Rosemead, CA 91770 · MLS DW26189133

List price
$599,000
2 bd / 1 ba
Bedrooms / baths
720 sq ft
Living area
1946
Year built
7,564 sq ft
Lot

"THIS IS A CASH ONLY SALE AS IT WILL NEVER FINANCE BASED ON ITS CURRENT CONDITION."

Listed by Craig Marson First Team Real Estate DRE #01210177 · (562) 682-1944

From the listing. THIS IS A CASH ONLY SALE AS IT WILL NEVER FINANCE BASED ON ITS CURRENT CONDITION. Located on a corner lot in Rosemead this two bedroom with one bath home needs a ton of TLC. It is close to San Gabriel and falls into the San Gabriel school district. There is a two car detached garage as well as a courtyard area. Based on its condition it needs everything to be redone, but with some work this property will become a shining gem once again. It is located close to shops and freeways.

01 - Price This Property

What you qualify for on 8511 Grand 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 $599,000
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 Craig Marson, First Team Real Estate ((562) 682-1944). To see it or make an offer, contact Craig 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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