5748 Stresemann St, University City, CA 92122

Property Description

Investor Alert: Major fixer with terriffic upside potential! This masterful example of Mid-Century Modern by renowned archetect William Krisel is on the market for the first time ever. Constructed in 1962, this single-owner home is in need of repairs and renovation and is priced accordingly. Built on nearly a quarter of an acre (.24), the large front and back yards have ample room for whatever your needs or vision. Home is being sold As-Is, with no repairs so will require a cash offer. Known repairs needed are extensive and include ripping the entire roof off and replacing, opening walls to repair water damage from leaking roof (while the walls are open buyer should consider replacing electrical and plumbing as they are both original), replacing flooring throughout, updating the kitchen and replacing both bathrooms, interior and exterior paint, 40 yard haul-out (maybe 2), and front and rear landscaping. The smart play on this home would be to extend the back of the house to enlarge the master suite and to add a fourth bedroom. This house is not for the neophyte or first-timer; this project is for an experienced redeveloper/contractor looking to make a serious profit and can dedicate 3-6 months to reap the rewards. Seller will not allow the purchase agreement to be assigned so wholesalers need not waste their time (or ours).