Zoned RD 1.5 – Build Up To Five Units
In the Heart of North East Los Angeles!
340 N. Ave 51 Los Angeles, CA 90042
This is a nice opportunity to develop a large lot in Northeast Los Angeles (NELA).
This is a hot area, with a large amount of development going on by investors and builders.
It will be delivered vacant, which is always our first concern.
There is value in this project, whichever strategy you initiate.
We have been told that you can build up to five (!) units on this large lot, but do you own due diligence with the city.
Take a look at the numbers:
– existing single-family home, 3 beds and 1 bath, is 1314 sf
– great lot size! 8242 sf
– closing date is August 30
– EMD is $10,000
– Purchase Price is $765,000
|Hard Money & Private Funds Available for Investors|
|Loans from $75,000|
Not many lenders arrange loans as small as $50,000. We will!
|Fix and Flip|
We lend up to 90% of the purchase price and 100% of the renovation budget. In addition, we don’t charge interest payments on the rehab dollars until it is drawn.
|Competitive rates and fees |
You came to the right place if you are looking for a private or institutional hard money!
|Bail Out Loans|
An equity-based program. If we can keep it under 65% LTV, we can bail
you out in 7-10 days. (Only CA and TX)
|Commercial, Land, Agricultural and Specialty Properties|
Commercial, apartments, land, Wearhouse, partially completed construction projects, industrial, automotive and many other types of properties are those we lend on.
|2nd and 3rd Mortgages|
We arrange second and third mortgages every month. (Only CA, TX)
|Construction Completion/Development Project|
Got construction project? We have multiple ways to structure your file, so you can complete your project and get it sold!
Do you need working capital/payroll/expansion for your business? We
can fund in 5-7 days. To qualify, all we require is the business to be
established for at least 6 months and provide 6 months business and
credit card-merchant processing statements.
Long Term Rental Loan Programs We offer 5,7,10 and 30-year fixed term, starting at 5.875% rate and can
leverage up to 85% LTV
Large R3 Property in L.A. County Area!
$17K PRICE REDUCTION!
Take a second look at this great L.A. County property now that we’ve negotiated a nice price reduction.
It’s a single-family home on a 9200+ sf lot, perfect for building multiple units. There are apartments and other multi-family properties on the same block, and this property is primed for development!
Here are the details:
Existing single family home is 3+2- 1306 square feet
Lot size 9233 sf
EMD is $10,000
Closing date is July 23
Strategy is to build multiple units and hold for income or sell once built and/or occupied
Purchase Price is now just $475,000
*ACCESS IS BY APPOINTMENT ONLY*
510 E. 48th Street Los Angeles, CA 90011
Here’s a duplex in L.A. near USC! The property is zoned LAR2, and is currently rented at below market rents, which is one reason we obtained the large discount from list price. The tenants can be relocated with the proper allowance, so take that into account when doing the math.
It’s a very nice street on the north end of South L.A., and has potential to be a great long-term income property once fixed and rented.
Here are the details:
– existing two units 1/1 up and 2/1 down- 2168 square feet- lot size 5480 sf- EMD is $10,000- closing date is July 23- tenants paying just $500 each ($1000 total)
– Purchase Price is $450,000 (it’s currently listed for $510,000)-
Remodel cost guesstimate $80,000-ARV around $630,000
Vacant, Short-Sale, Fixer
- Main House is 3/3 – Garage was converted into a 1/1 with a Kitchenette (May not legal, although it is very nice)
- There is a separate 1/1 attached to the main house (This one is not legal)
- Total SF is 1,580 plus the Garage
– EMD is $10,000- Closing date is FIRM for June 10
– Purchase Price is $475,000
– Repairs $35,000-$40,000
Contact me ASAP with Proof of Funds if serious. Principals only please.
When it comes to renovating an old house, it’s all about return on investment (ROI). Jumping into a costly remodel that does little to add value represents a significant financial loss, so it’s important to make smart, well-informed decisions about how much renovations cost and where to focus your efforts. Buying an old house is always a gamble and it’s usually a huge, long-term investment, so it’s essential you know where to renovate to do the most good. According to an article in Remodeling Magazine, the average remodeling job recovers under two-thirds of its cost at the time of sale. Fortunately, there’s a handful of renovation projects that are normally quite reliable when it comes to ROI.
Many old houses suffer from a lack of insulation, which results in extremely high-energy costs. Adding or replacing insulation may not be the sexiest of renovations, but it makes a great deal of sense from a savings standpoint. Check the insulation in the attic, which should have a minimum of 8 inches of cellulose or 11 inches of fiberglass insulation. If not, or if what you find is dirty, it probably means it’s reached the end of its effectiveness and needs replacing. The average cost of re-insulating an attic is around $1,300, but the energy savings will be significantly higher, making this one of the best remodeling projects for an older home.
Replacing old, drafty windows has a doubly positive impact. Not only does it upgrade a significant aesthetic feature, it’ll save money if you replace the old ones with Energy Star-approved and certified windows. New, energy-efficient windows can save you as much $465 a year in heating costs, and will recoup your investment in about 5 years. However, be aware that a full window replacement project is often unnecessary, even if your pro recommends it; focus instead on window frames showing signs of age, including rotting wood and excessive window condensation.
Hardwood flooring lends an air of elegance and refinement to any home, particularly an older house with an overall vintage look. Many homeowners assume that it will be too expensive and too difficult to maintain, but hardwood lasts considerably longer than carpeting, which wears out after about 10 years. It’s not unusual for hardwood flooring to last for decades if it’s well taken care of. Applying a protective coating every 5 years or so will add considerably to the lifespan of hardwood, which should only need to be sanded and refinished about every 10 years.
Home renovating doesn’t always have to be an indoor activity. You can also enhance your home’s look by beautifying your landscaping. There’s nothing quite like the green glow of an attractive stand of grass, which you can achieve with regular applications of fertilizer and weed control. Why not add a few design elements, like decorative flagstones or a brick-lined walkway? Brick adds an appealing touch of color set against the green of your lawn. If you’re into gardening, think about adding a flower bed lined with railroad timbers, an appealingly rustic aesthetic element. Add a fresh layer of mulch around trees and shrubs, and you’ve got a colorful lawn that’ll turn heads and add to the visual appeal and value of your home. If you need some help with your outdoor beautification projects, lawn and landscaping service prices vary greatly depending on what you’d like to have done; you can expect to pay around $320 for a minor project that doesn’t include a lot of labor or materials, meaning you’ll see a significant ROI for giving your yard a little TLC.
Renovating an older home can be a tricky proposition if there’s lots of expensive antiques and furniture in the way. To avoid doing damage, look into renting a temporary storage space to preserve them while you’re kicking up dirt and dust remodeling. Shop around for the best deals; for instance, CubeSmart Self Storage in Orlando is currently reducing storage fees by 50 percent for the first month.
A house, particularly an old one, is more than a home; it’s a major business investment. Choosing renovation projects that earn you a high return on investment is important for turning an old house into a highly profitable asset.
Guest Post by: Seth Murphy – Papadiy.com