Home Buying in 90042>Question Details

Isarkisyan, Home Buyer in Granada Hills, CA

Landslide area research! Please, help!

Asked by Isarkisyan, Granada Hills, CA Mon Apr 20, 2009

I am interested in buying a house in Mt. Washington area. It is in a landslide area and due to 2005 heavy rains, the house has been red-flagged. What can I do to do a sound research before getting into this potential investment?

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4
YOU NEED A PROFESSIONAL GEOLOGIST, They can recommend any further specialists. HERE ARE A COUPLE TO TRY:

Dale Glenn
(818) 886-2766
(818) 416-4648 Cell
dale@glenngeo.com
Certified Engineer Geologist #1238

Vince Carnegie
(818) 500-9533
http://Geosys1.com
geosys@pacbell.net
CA License # CEG 1608

Or feel free to call my office and they can help you coordinate an inspection with a Geologist. (818) 951-7467
0 votes Thank Flag Link Thu Jun 25, 2009
let me help you with your investment planning.

Red flagged=house needs to be scrapped.

If you can get it for the land value minus the cost of hauling away three dump truck loads full of demolished house, go for it. That deal would pencil out.

And if it's the one on Fortune way, it's not even close to that price.

Call me when you want to buy a serious, cash flowing investment.
0 votes Thank Flag Link Tue Jun 23, 2009
Dear Isarkisyan,
I hope you are working with an agent, who has seen this property and can advise you. A home in a landslide area, that has been "red-flagged" by the city...has serious issues to consider with regards to safety. With the number of homes on the market today, there's no reason to take such a risk.

California Geological Survey @ http://.www.usgs.gov
0 votes Thank Flag Link Fri May 29, 2009
Isarkisyan,

You should probably have geological testing done; hire an engineer as well. Let me know if I can help direct you to the right resources. Have you asked your agent about this?

Dot Chance
The Chance Team
Keller Williams Realty Studio City
Email: dotchance@ureach.com
818.339.7712
Web Reference: http://www.DotChance.com
0 votes Thank Flag Link Mon Apr 20, 2009
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