This Los Angeles property offers strong flip potential with RTI plans for a main house (1690 sq ft) and ADU (1063 sq ft) already through entitlement. The current $365K list price (recently reduced by $10K) with fire damage makes it essentially a tear-down, but the strategic location near SoFi Stadium, Hollywood Park, and major freeways creates opportunity.
Leverage the existing RTI plans and consider negotiating a demolition credit. Comp data shows significant value-add potential with various renovation scenarios yielding 14-26% returns. The Broadway-Manchester neighborhood's $720K median listing price provides ample margin. Focus on contemporary finishes to maximize ARV, and consider the dual-income potential from renting the ADU.