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
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
We found 3 Cons,5 Pros. Rank: price - $600.0K(5th), sqft - 1092(26th), beds - 3(50th), baths - 2(50th).
$$$ ATTENTION INVESTORS $$$***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.