Million dollars profit potential, Location,Location,Location. Amazing L.A view

3277 Longridge Terrace, Van Nuys, CA 91423

$2,650,000 After Repair Value -
$1,650,000 Asking Price -
$300,000 Cost of Repairs =
$700,000 Potential Profit

Property Details

Asking Price $1,650,000

After Repair Value $2,650,000

Costs of Repairs $300,000

Potential Profit $700,000

Living Area 1940 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 3

Half Bathrooms 1

Parking 2

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income N/A

Yearly Expenses N/A

Property Taxes $13,821

Net Operating Income N/A

Cap Rate N/A

Property Description

A Rare Hillside Gem in Sherman Oaks – Your Next Million-Dollar Flip, pre-foreclosure judge accept to lower the price at $1,650,000 for a as-is value house of 2M

Step into one of the most exclusive off-market opportunities in Los Angeles: a private hillside estate in the coveted Sherman Oaks Hills, just minutes from Beverly Hills and Mulholland Drive. Offered at $1,650,000, this 3-bed, 3-bath retreat sits on over an acre of land, surrounded by multi-million dollar homes valued up to $16M and comes with $350K+ in built-in equity from day one.

This property isn’t just a flip , it’s a statement. With sweeping canyon views, a wrap-around terrace, and a secluded pool oasis, it’s a luxury canvas ready to be transformed. If you do a light rehab (~$300K), the ARV would be of $2.6M or do more rehab or even a second floor and the arv can go up to the roof neighboor are selling as mich as 16M with a less of a view, make your vision dream. It’s zoned for expansion or luxury upgrades, I can even get you the next lot and the next house for total privacy and at a discount price.

The best part? It’s one of the lowest priced homes in the area, yet it has one of the best views.

Whether you’re an investor looking to do a quick, profitable flip or a capital partner seeking solid returns in a prime location , this is the kind of deal that rarely makes it to market.

Location. Equity. Upside. This is your chance to build or scale in one of LA’s most lucrative pockets. DM or email to lock it in before it’s gone.

Repairs Needed

The exterior would benefit from cleaning and cosmetic upgrades, while the interior mainly requires enhancements to elevate it to a more luxurious standard. Alternatively, a larger renovation, such as adding a second floor, could significantly increase the value, potentially generating a profit of up to $1 million.\r\nThe property is in a prime location that supports this level of expansion and adds significant resale value , with neighboring homes selling for as much as $16 million, there’s strong potential for a much higher price tag post-renovation. Plus this one as the most beautiful view.

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