Lotus Investment Offering
Transcript of Lotus Investment Offering
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Real Estate
Gina Lee
Keller Williams Realty
Real Estate
Investment Offering
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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)
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Views from subject property
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Subject property
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Subject property
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Master suite
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Kitchen
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Views
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Living area with vaulted ceiling
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Living area
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Jacuzzi