1122 La Mesa Ave

Description

FIXER. CONTRACTOR SPECIAL. INVESTOR OPPORTUNITY. 2nd Lender Foreclosed and now owns. Can assume current 1st loan for short period of time. Previous Owner called for Final Inspection but couldn't finish. Garage Floor needs to be broken out and re-poured with lightweight concrete. Concrete along street (front of house) needs to be broken out 10' and re-poured.Basement needs to be finished with shear walls, insulation. ROW (Right of Way) (Public Street Work) Sewer line was not inspected. Needs to be exposed, inspected, back-filled and new asphalt. Those are the expensive items, then there are lots of little items. Broker has complete list from late August 24, Building Inspector and from water department. On a clear day you get Ocean Peak View. Gigantic Basement "might" be great place for ADU?? No conventional, FHA, VA Financing until FINAL Sign Off. There is still a Hard Money 1st loan which can be assumed for a short period of time Broker has a August 27, 2024 Inspection Results from County to share with serious qualified Buyer. Also has corrections letter from Otay Water regarding ROW work (Work in the public street)

Listing information courtesy of: Jeff Middaugh, Jeffrey Middaugh 619-709-1251. *Based on information from the Association of REALTORS/Multiple Listing as of 10/19/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.