Real Estate

Gina Lee

Keller Williams Realty

Real Estate

Investment Offering

Overview:

This is a vacant bank owned property in Sierra Madre that is being offered for sale at a huge

discount.

Property Information:

540 Lotus Ln. Sierra Madre, CA 91024

APN: 5764-025-012

3 Bedrooms

3 Bathrroms

Built 1979

2,384 sq. ft.

6,970 sq. ft. lot

The three story house is very clean and only needs upgrades. It has vaulted ceiling with

beautiful views. The dining area and kitchen have wood floors.

Investment Strategy:

This property is located in Sierra Madre which has two distinct areas and price points. This

foothills community lies alongside the mountains and a few homes are along the mountainside.

The properties that are along the foothills are a lower price point and the properties that

have views and are on the mountainside and priced higher.

When the bank took this property, they mistakenly priced it for the foothills which is much

lower than it should be. This oversight is the key to a profitable advantage for a buyer.

The after repair value of this property is between $900,000-950,000 depending on the

upgrades that the investor plans on doing.

The seller is offering this property for $650,000 net (meaning that the buyer is responsible

for the sellers’ nonrecurring closing costs)

Views from subject property

Subject property

Subject property

Master suite

Kitchen

Views

Living area with vaulted ceiling

Living area

Jacuzzi