Lot size: 5 acres fully fenced with a 2-story barn and a 3-car garage still intact. The original 3600 sf custom log cabin home was completely burned. The 1400 sf basement remains. Some clean-up has already been done, but needs you to complete the job.
~ ARV $300,000 to $400,000 depending on the build.
Lot is near Crystalaire Country Club and within Los Angeles school district. The neighborhood contains both standard wood SFR and manufactured homes. The value is based on the level of new build. A new manufactured home can be placed on the lot for around $100K and 4-bedrooms rent for around $1400/mo and up. A similar home to the previous log cabin for the same 3600 sf would be worth around $400K.
Lot has city water and a septic tank. Electric and propane available for the house.
LATE NOTICE; I just got access to a TRIPLE WIDE 2800 sf mobile home that can be delivered for under $70K. You would have about $100K instant equity!