3095 George Street, Lincoln Heights, California 90031, Lincoln Heights, 90031 - 3 bed, 2 bath
ACTIVE$599,999
3095 George Street, Lincoln Heights, California 90031
3Beds
2Baths
1,092Sqft
3,722Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: Presents a significant opportunity for investors seeking high-return potential through renovation and resale.
Top Cons:
Major Fixer: The property requires extensive renovation, potentially involving significant costs and time investment.
Compared to the nearby listings
Price:$600.0K vs avg $925.0K ($-325,001)5%
Size:1,092 sqft vs avg 1,450.5 sqft26%
Price/sqft:$549 vs avg $72424%
More Insights
Built in 1913 (112 years old).
Condition: The property, built in 1913, is described as a 'major fixer' and requires substantial rehabilitation. The images show significant exterior damage and deferred maintenance. Given the age and condition, it needs extensive repairs and updates to be habitable.
Year Built
1913
Close
-
List price
$600K
Original List price
$675K
Price/Sqft
$549
HOA
-
Days on market
-
Sold On
-
MLS number
CV25106084
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
$$$ ATTENTION INVESTORS $$$***WHAT AN INCREDIBLE OPPORTUNITY FOR A HUGE PROFIT RETURN $$$$***EXCELLENT LOCATION***ATTENTION ALL SERIOUS AND EXPERIENCED INVESTORS***WHAT AN EXCELLENT OPPORTUNITY TO PURCHASE AND REHAB THIS MAJOR FIXER HISTORICAL HOME LOCATED IN THE HIGHLY SOUGHT AFTER CITY OF LINCOLN HEIGHTS***OFFERING CITY VIEWS, THIS HOME FALLS WITHIN THE LINCOLN HEIGHTS HISTORIC PRESERVATION OVERLAY ZONE***COMPLETE ENGINEERING AND ARCHITECTURAL PLANS FOR A 3/2 HAVE BEEN SUBMITTED TO THE CITY FOR APPROVAL, ONCE APPROVED, PERMITS CAN BE ISSUED***RUN YOUR COMPS, EASY SEVEN FIGURE RESALE POTENTIAL***CALL WITH QUESTIONS
Nearby schools
4/10
Gates Street Elementary School
Public,•K-5•0.4mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.6mi
2/10
Hillside Elementary School
Public,•K-5•0.6mi
4/10
Loreto Street Elementary School
Public,•K-5•0.8mi
3/10
Albion Street Elementary School
Public,•K-6•0.8mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.1mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.1mi
2/10
Murchison Street Elementary School
Public,•K-6•1.4mi
3/10
Ann Street Elementary School
Public,•K-6•1.5mi
4/10
Bridge Street Elementary School
Public,•K-5•1.7mi
5/10
Glen Alta Elementary School
Public,•K-8•0.8mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.9mi
5/10
El Sereno Middle School
Public,•6-8•1.8mi
6/10
Hollenbeck Middle School
Public,•6-8•2.8mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.4mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.4mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.6mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.8mi
Price History
Date
Event
Price
07/11/24
Sold
$475,000
Condition Rating
Poor
The property, built in 1913, is described as a 'major fixer' and requires substantial rehabilitation. The images show significant exterior damage and deferred maintenance. Given the age and condition, it needs extensive repairs and updates to be habitable.
Pros & Cons
Pros
Investment Opportunity: Presents a significant opportunity for investors seeking high-return potential through renovation and resale.
Prime Location: Located in the highly desirable Lincoln Heights area, offering proximity to amenities and attractions.
City Views: Offers desirable city views, enhancing the property's appeal and market value.
Historical Significance: The property is a historical home within the Lincoln Heights Historic Preservation Overlay Zone, potentially offering unique benefits and appeal.
Development Potential: Complete engineering and architectural plans for a 3/2 have been submitted to the city for approval, streamlining the renovation process.
Cons
Major Fixer: The property requires extensive renovation, potentially involving significant costs and time investment.
Permit Contingency: The renovation plans are contingent on city approval and permit issuance, introducing uncertainty and potential delays.
As-Is Condition: Property is sold in 'as-is' condition, meaning buyers assume responsibility for all existing issues and required repairs.