Read for someone moving in — the cost-of-living math, schools and commute, so you can weigh it before you book a flight.
New listing
$315,000
List price · $1,960 / yr/yr tax · No HOA
3Bedrooms
1Bathrooms
1,080Sq ft
2Garage
$292 / sqftPrice / sq ft
1901Year built
0.10 acLot size
73 views2 saved
INVESTORS & CONTRACTORS: FULL GUT REHAB OPPORTUNITY Bring your toolbelt, your crew, and your highest-grade respirator-this property is a true blank slate awaiting a total transformation. Formerly seized by law enforcement and stripped down, this distress-sale property is strictly targeted for experienced investors, flippers, or cash buyers looking to capture serious equity in a competitive market. PROPERTY HIGHLIGHTS & REHAB POTENTIAL: Full Remediation & Gut Required: Property exhibits severe environmental distress and active contamination history (methamphetamine/controlled substances). Sold completely AS-IS, WHERE-IS with all faults. Buyer is responsible for all state/local remediation permits, clearance testing, verifying any and all information and complete environmental mitigation. Blank Canvas Floor Plan: Ideal layout potential to redesign the interior floor plan, upgrade mechanical systems, and rebuild from the studs up. High Equity Upside: Priced significantly below area comps to account for full remediation, structural framing repairs, brand-new trades (HVAC, plumbing, electrical), and high-end cosmetic finishings. TERMS OF SALE: Cash Only or Hard Money Direct: Strictly no traditional financing (FHA, VA, or Conventional) will qualify due to condition and health/safety restrictions. Strict Hold-Harmless Requirement: All visitors/inspectors must sign a Hold Harmless Agreement prior to accessing the site. PPE/respiratory protection mandatory for entry Standard real estate closing terms apply.Tear out the past and capitalize on the ARV (After Repair Value). Fast close preferred-bring all firm offers directly to listing broker.
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516 E 7th St
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Flood-safe: 1 (4 of 10)Flood-safe1
Mild winters: 14 days/yr (5 of 10)Mild winters14 days/yr
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LA
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Listing agent
Soukup Real Estate
License pending
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Modeled value, rent and projections are estimates produced by The Soukup Group's own model — not appraisals, not financial advice, and not third-party valuations. Ranges and confidence reflect real uncertainty. Equal Housing Opportunity.