The only thing this place has going for it is the size of the lot at 8,000 sq ft. It’s a two bedroom one bath on a giant lot. McMansion coming soon?
Asking was $899 and it closed at $940. It sold in 2001 for $327k!
So if you have the balls and the coffers –
Adding 800 sq ft at ~$400/sqft + $320K
Remodel existing 1100 sqt ft at ~$100/sq ft + $110k (probably closer to $175/sqft)
One year carrying costs – ~$80K
Rent for the year under construction – $48k
Overages because it wasn’t on-time or on-budget – $100K
A year later you are in for $1.6mil. Not for the faint of heart.
917 Sheldon St El Segundo 90245 for sale