Home for Sale at 955 Virginia Street, El Segundo, CA 90245

955 Virginia Street
El Segundo, CA 90245

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Property Details

List Price:	$2,500,000
Beds:	6
Baths:	6
Status:	Active
SqFt:	3550
Agency:	RE/MAX Estate Properties

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Description/Comments

Lot Size:	6,300 sqft
Property Type:	MultiFamily
Year Built:	1960
Notes:	An amazing investment opportunity is waiting. This property features two homes that are completely separate from each other with private yards and driveways. The front house is 1,850 sq ft with a stunning 4 bedroom, 2 bath layout, built for the owner in mind. The house has been extensively remodeled in 2011 and again in 2022 with all new appliances, fixtures, paint, and new water heaters. The house also features an enormous usable deck, a fenced yard, and a 3 car garage. The back house was newly constructed in 2015 and is 1,700 sq ft with a 3 bedroom, 2.5 bath layout. This house is completely hidden from the street with recent hardscape improvements around the perimeter, providing full privacy to enjoy the large front yard and the backyard with deck. The house features a tankless water heater and a very large 2 car garage that was specifically built for XL vehicles. <br /> Both houses include recently updated features such as quadruple paned windows, mature low maintenance landscaping, new central AC systems, invisible fire sprinklers in all rooms and doors with soundproofing and top ventilation. The living areas feature high-end laminate "wood-style" flooring, Hunter Douglas fans, recessed lights on dimmers throughout, and built-in 7.1 Dolby speakers in the living room. The kitchen features gorgeous granite countertops throughout, custom soft close cabinets, built-in shelving and brand new stainless steel appliances, dual stainless kitchen sink, Kohler fixtures and built-in wine refrigerator. Upstairs, the primary bedroom offers two large custom designed walk-in his/her closets with shelving and lots of storage oversized master bath with dual sinks, custom shower and separate tub/shower combo, and stunning Italian tile flooring. Each home has an attached oversized garage with a laundry room including washer/dryer hookups and storage closet and are finished with epoxy floors giving the option to use the space as a gym and use the driveway for parking with a bonus backyard patio area.
MlsNumber:	SB23111271

Listing Provided By:	RE/MAX Estate Properties, original listing
Name:	RE/MAX Estate Properties
Phone:	(310) 378-9494
Office Name:	RE/MAX Estate Properties
Office Phone:	(310) 378-9494
Agent Name:	Bill Ruane
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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