Found another GREAT deal in CA. This one is ideal for cash flow. Asking $65.5k, contractor bid came in at $10k, Rentometer shows rental rates at $1250/mo. Not bad cash flow stats. ARV at $105k. Available late December.
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| 3024 Richland, Rosamond, CA |
http://budurl.com/kub9 for more pics, comps below.
Rentometer Rental Comps $1250:
Comps from last 3 months:
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| Address: | 3100 MYRTLE AVE (0.07 mi) | APN: | 472-161-24-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1329 | Built: | 1989 |
| Use Code: | SFR | Units: | | Lot Size: | .1663 |
| Sale Date: | 09/10/2010 | Sale Amt: | $95,000.00 |
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| Address: | 3000 MELVIN ST (0.20 mi) | APN: | 472-173-26-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1349 | Built: | 1989 |
| Use Code: | SFR | Units: | | Lot Size: | .1901 |
| Sale Date: | 08/06/2010 | Sale Amt: | $90,000.00 | | 0 |
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| Address: | 2756 WESTLAND DR (0.30 mi) | APN: | 251-343-14-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1330 | Built: | 1990 |
| Use Code: | SFR | Units: | | Lot Size: | .1472 |
| Sale Date: | 08/20/2010 | Sale Amt: | $103,000.00 |
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| Address: | 3401 TOPGUN ST (0.39 mi) | APN: | 251-603-01-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1497 | Built: | 1994 |
| Use Code: | SFR | Units: | | Lot Size: | .16 |
| Sale Date: | 10/14/2010 | Sale Amt: | $116,000.00 |
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| Address: | 3417 TOPGUN ST (0.41 mi) | APN: | 251-603-03-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1497 | Built: | 1994 |
| Use Code: | SFR | Units: | | Lot Size: | .15 |
| Sale Date: | 10/07/2010 | Sale Amt: | $99,000.00
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| Address: | 2648 WESTLAND DR (0.41 mi) | APN: | 251-343-03-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1330 | Built: | 1989 |
| Use Code: | SFR | Units: | | Lot Size: | .1468 |
| Sale Date: | 07/09/2010 | Sale Amt: | $105,000.00 |
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| Address: | 3308 DALE CT (0.41 mi) | APN: | 251-341-25-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1473 | Built: | 1989 |
| Use Code: | SFR | Units: | | Lot Size: | .1591 |
| Sale Date: | 10/18/2010 | Sale Amt: | $131,000.00 |
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| Address: | 3461 GRANITE CT (0.43 mi) | APN: | 472-192-14-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1266 | Built: | 1992 |
| Use Code: | SFR | Units: | | Lot Size: | .148 |
| Sale Date: | 08/18/2010 | Sale Amt: | $97,000.00 |
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| Address: | 3309 EAGLE WAY (0.44 mi) | APN: | 251-341-01-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1330 | Built: | 1990 |
| Use Code: | SFR | Units: | | Lot Size: | .1667 |
| Sale Date: | 08/13/2010 | Sale Amt: | $115,000.00
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| Address: | 3301 DISCOVERY WAY (0.53 mi) | APN: | 251-352-15-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1473 | Built: | 1990 |
| Use Code: | SFR | Units: | | Lot Size: | .1362 |
| Sale Date: | 08/11/2010 | Sale Amt: | $110,000.00
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| Address: | 3525 SAN JACINTO AVE (0.59 mi) | APN: | 472-212-05-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1368 | Built: | 1993 |
| Use Code: | SFR | Units: | | Lot Size: | .14 |
| Sale Date: | 09/07/2010 | Sale Amt: | $100,000.00
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Address: |
2424 OAKGROVE ST (0.95 mi) |
APN: |
472-262-10-00 | |
| Beds/Baths: | 3/2 | Sqft: | 1509 | Built: | 1993 |
| Use Code: | SFR | Units: | | Lot Size: | .13 |
| Sale Date: | 09/21/2010 | Sale Amt: | $115,000.00 | |
New to your blog - really like it. Are you going to buy the "Rosamond Light Fixer" or are you offering it up?
ReplyDeleteJennifer,
ReplyDeleteThanks for the compliment. I have this property under contract right now and plan to resell it to another. I have someone interested but we don't have the contracts signed, etc yet so it still may be available. If it doesn't sell, then yes, I will fix and sell at retail.
Thanks!
Jean