Caged in Culver City
Culver City is your typical quaint suburban neighborhood perched on the far-flung edge of Los Angeles. The homes are anywhere from 60-100 years old, and the smallest family domicile can cost half a million dollars. This is California, after all. I like to bike through the area, it's aged and quaint and full of big trees. Sometimes I go play on the playground next to the elementary school. Wandering further west through the neighborhood, I found these two neglected homes gated off and left to rot. They stick out very badly. I checked them for safety, found a buddy, and went to explore. Without a "no trespassing sign", this was fair game!
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I did some research; both houses built around the early 1920s and have been abandoned since about 2007. Both houses are foreclosed and owned by the bank. The one on the left is about $560,000 and the other is $700,000 or so. There's about $3,000 in taxes due on the left one alone. There is no way in this economy that these homes will sell in their current states. There is a ton of clean up, repair, and inspections to consider.
I have some ideas though... I have been wanting to start a non profit small bird rescue for a long while. Although they need a ton of work, the land and houses are usable (I'm not sure about the right house though, it may be too far gone). I am considering seeing if I can talk the bank into some steeply discounted prices to purchase both houses and land. I think I would lease the rooms at discount to whoever can fix them. You fix it, you can stay there. Any feedback on this? I would really appreciate it.
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I did some research; both houses built around the early 1920s and have been abandoned since about 2007. Both houses are foreclosed and owned by the bank. The one on the left is about $560,000 and the other is $700,000 or so. There's about $3,000 in taxes due on the left one alone. There is no way in this economy that these homes will sell in their current states. There is a ton of clean up, repair, and inspections to consider.
I have some ideas though... I have been wanting to start a non profit small bird rescue for a long while. Although they need a ton of work, the land and houses are usable (I'm not sure about the right house though, it may be too far gone). I am considering seeing if I can talk the bank into some steeply discounted prices to purchase both houses and land. I think I would lease the rooms at discount to whoever can fix them. You fix it, you can stay there. Any feedback on this? I would really appreciate it.
accomplished
