917 Sheldon St – Sold As-Is Above Asking

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.

https://www.redfin.com/CA/El-Segundo/917-Sheldon-St-90245/home/6645714

917 Sheldon St El Segundo 90245 for sale

 

 

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