Mid-Century Home in the Upper Rancho Neighborhood of Arcadia
This is probably my favorite home on the Arcadia market at the moment. Maybe im just an optimist, but theres something about the lime green decor of this house that is just awesome to me..
This home is listed at $1.8 million (down from $1.9) I honestly think this place is a great deal, and I'll tell you why. The home next door, which was a turnkey, updated ,mid-century modern home on a similar sized lot, with similar square footage just sold for $2.4 million . Right now this place is listed at $1.8 million. Lets say it sells for $1,750,000, you would be able to put a quarter of a million dollars into updating this home (which would bring the total amonut spent to $2 million), list it at 2.4 (using its almost identical neighboor as a comparable) sell it for 2.3 ( I just estimated the actual sale price), and make a $300,000 dollar profit. Im a pretty logical person, maybe I dont have all of my details straight, but to me this home makes perfect sense as an investment (you dont flip Upper Rancho homes, you invest in them).
To make some mad cash contact the listing agent:
Paula Walker
Sotheby's International Realty
Mobile: (626) 825-5550
Office: (626) 229-0909