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3711 Fredonia Drive
USD 444,000
Property ID: OC23205685
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3711 Fredonia Drive ,90068
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icon 19187 SqFt
icon Built in 1958
icon USD 23/SqFt
icon 4 Beds
icon 2 Full
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Location Street View
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Interior Details
Bedrooms
4
Bathrooms
2
Interior Size
2057
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1958
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Detailed Introduction Of This Home
Opportunity to purchase 50% of the property, tenancy in common, quitclaim deed. Disclosures: - In 2022, the second 50% owner has passed away, and estate representatives are making claims that if successful will reduce the interest sold lot less than 50%. No lawsuit filed by anyone as of today. - Three tenants on the property, but two of them are not paying rent (need UD). Hostile, prevent access and make multiple reports to the city. Two tenants may have to be bought out. - The City of Los Angeles has filed a lien re illegally converted garage and a notice to correct with penalties. The garage may potentially be converted into an ADU (Accessory Dwelling Unit) or converted back into a proper garage. Estimate of repairs - $20-35k including permits. ADU docs estimated at $10k. Buyer to independently verify all claims and disclosures. The interest is sold "As-Is" and no warranty is provided of any kind. Limited or no access for inspections. Do not disturb the tenants. The Investor Potential: - Live on the property. - Rent out the property. - Sell the interest. - Purchase the remaining interest from the estate/heirs and own 100% of the property. *Tenancy in Common holds title to a property in California, where two or more individuals own the property together but with separate and distinct shares. Each owner has the right to sell, transfer, or mortgage their share of the property without the consent of the other owners.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (19)
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3711 Fredonia Drive
USD 444,000 4 Beds
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