• Asking Price See Price
  • Estimated Value: $711,685

  • HOT CERRITOS SIGNAL HILL, CA 90755

  • 3 Beds 1 Bath 1,140 SqFt
  • Single Family Home / REO Foreclosure
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Property Details for CERRITOS St, SIGNAL HILL, CA 90755

Features

Facts

Foreclosure Info

Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

*** SIGNAL HILL SFR ZONED R2 WITH UPSIDE POSSIBILITIES*** Why just purchase a SFR why not purchase a SFR with the opportunity to ADD VALUE and put $$ in your pocket NOW?! This Bungalow currently features two bedrooms with 1.5 baths (NOTE the tax roll shows 3 bedrooms/1 bath in spite of my research at the city and tax assessors office I cannot add clarity). BUYER TO SATISFY THEMSELVES; SEE AGENT COMMENTS. Although this property has huge possibilities, The existing structure has some issues that will limit financing types (CASH, REHAB LOAN OR HARD MONEY ARE IDEAL): the current living room has been unprofessionally divided by a wall, the kitchen ceiling is bubbling from a current roof leak and the inside laundry room is missing the ceiling; apparently from the roof leaking. What appears to originally have been the garage has been converted to a room; it could be a 3rd bedroom, but it is missing closets and has a back door opening to a 2-car open concrete parking slab off the alley. Also, there is a fairly substantial amount of cracking noted along the ground level of the stucco at front could indicate foundation issues? There is also a small BASEMENT located at the front door entry. The property has two water heaters. The subject is located within a block from what appears to be light manufacturing property. Subject is also located within close proximity of transportation, shopping and entertainment. ***HURRY THIS UNIQUE OPPORTUNITY WILL NOT LAST LONG!***

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