Studio City Fixer Upper | Quick < 4 month 80%+ ROI
Overview:
This property is a massive opportunity! It is 2800 square feet and has the potential to be a masterpiece of the Studio City area. It is near incredible schools and some of the nicest neighborhoods in the valley of Los Angeles. Upgraded properties in that area go for over $725 a square foot which puts the resale potential close to $2.0 million. This is not exaggerated in anyway especially when the high end rehab will be completed with all of the amazing decks and exterior spaces. It is supported by more than 20 comparable sales in the general vicinity of the subject property. We are hiring a professional designer/architect who knows the area and will sculpt and project manage the property so it comes out to perfection. We plan on listing the property at $1,995,000 depending on the market.
We’re looking for investors to provide $150,000 of the $300,000 needed GAP financing for this great flip opportunity in Studio City, CA as we have already raised $150,000 of it. The group is buying the property for $1,250,000, which is below market value. We project the actual retail property of the home in its AS-IS condition to be around $1,360,000. The team is walking into about $100,000 of equity just as it stands right now. This is a highly desired neighborhood in Los Angeles and this property is a steal.
The group will be doing a simple $150,000 cosmetic rehab that will yield a projected resale value of over $1,800,000 very quickly, maybe even $2,000,000.
Return on Investment (ROI):
The investors (YOU) will be receiving 40% of the profit from the sale of the project. This would equate to approximately $80,000 paid to investors in the projected 4 months time frame. That would be over a 26.67% return in 4 months time or if the project was annualized over 12 months it would yield 80% based on these estimates. The loan will be structured for 12 months, but we project it to be paid off in the next 4-6 months.
Even if the property sells for the low end, let's say $1,800,000, you still walk away with a return that will far exceed other traditional investments. It is a very practical and very lucrative endeavor. If it sells for $2,000,000 the profit would be $390,000. 40% of that is $156,000 which would yield a 52% ROI in 4 months or 156% annualized. The sky is the limit on this one!!
Your investment will be securitized by a Joint Venture agreement, and shares of the holding entity LLC (that will own the property) and Promissory NOTE, so you are well protected.
We have a full due diligence package ready for you to review. Just call or email and ask us for it.
Call Steve at 310-948-8585 or email him at [email protected]