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*
Attn: Developers! Fantastic Opportunity to Build a Landmark Property on Beverly Blvd.
- Price – $22M
- 3 Parcels. 75.500 SF piece of re-development land in Los Angeles, CA.
- Mixed-Use, Zoning – LAC2 & LAR4. Currently there is 61,500 SF of Commercial space & 14,000 SF of residential land.
- Adjacent to downtown LA, Echo Park, Beverly blvd 90057
- 350 ft frontage on Beverly Blvd.
- Westlake area
- Property takes up 2 corners on busy street
- Walking score is 85
22 unit Multi-Family Building right off of the Vegas Strip
- Price – $1.6M, 25% Down Payment – $400K
- Price/Unit – $72,727
- Price/SF – $68.97
- 22 Units
- 2 Stories
- Built in 1961
- Lot Size- 24,393
- Current CAP – 5.85%
- GRM – Current 8.47
- NOI – Current – $93,555
- Net Cash Flow after Debt Service – Current – 5.5% / $22,181
- Total Return – Current – 11.2% / $44,628
- CAP Rate – Pro Forma – 7.41%
- GRM – Pro Forma – 7.71
- Net Operating Income – $118,579
- Net Cash Flow After Debt Service – Pro Forma – 11.8% / $47,204
- Total Return – Pro Forma – 17.4% / $69,652
Property is Free & Clear
Proposed New Loan Amount – $1,200,000
Terms: 3.65%, 30 years, 5 year Fixed, 75% LTV, Due in 30 years, DCR – 1.42
- 18 units – 2/2, 1000 SF, Current Rents – $650-$700, Monthly income – $12,150
- 4 units – 3/2, 1300 SF, Current Rents – 900, Monthly Income – $3,600
- Total SF = 23,200, Total Income = $15,750
Landlord pays Water & Gas, Tenants pay Phone, Electric
Common Area Features:
- Outdoor Grill
- Secure Gated Entrance
If interested, Contact Me ASAP! I’m direct to the sellers, they are also lenders and can provide Debt on any of my property opportunities or any of yours!
Greg@fixandflippers.com | 858.386.0949
We are a new kind of Real Estate Investment Company; homeowners exchange the possibility of future appreciation for the certainty of cash today.
Unlock the equity in your home today without monthly payments or interest.
Our Real Estate Participation Agreement enables you to sell a share of your property’s future appreciation. By helping to manage both the risk and cost of ownership, this factor changes the economics of residential real estate.
The money you receive from us is not a loan, there are no monthly payments, and you still own your home. We are making an investment right alongside you, believing that more often than not, our share of the long-term appreciation will more than cover our initial payment.
For many of our clients, that money translates into new freedom and control. It can be used to pay off costly, high-interest credit card balances, reducing your monthly expenses and helping to better align your assets and obligations. Or you can use it to diversify your investments beyond real estate; after all, few people would tie so much of their wealth to a single stock.
You can use it to make long overdue home improvements, fund a child or grandchild’s education, make a charitable contribution or fulfill a lifelong dream—the choices are endless.
It’s your equity and now there’s a way to tap into it without introducing new debt, monthly payments or incurring interest charges. Best of all, you still own the home and can enjoy the benefits associated with it.
It’s a New Alternative to Home Finance
An agreement can be tailored to your needs. We typically pay up to 17.25% of a property’s current appraised value in exchange for a share of future appreciation for as long as you own the home.
If, for example, a home had an appraised value of $750,000, we would pay you up to $127,000. The amount that you receive within that range is largely decided by you, based on how much appreciation you want to sell. We can show you various options to help you find the right balance between current and future needs.
To qualify for our Real Estate Participation Agreement, you must satisfy certain requirements showing you are able to continue any payments and maintenance required on the home.
Both primary residences and second homes are eligible, providing they meet or exceed minimum value requirements in your market. At time of application, the maximum combined value of all mortgages may not exceed 80% of the value of your home. After submitting an application and paying for the appraisal of your home, it typically takes 4–6 weeks to complete the transaction and deliver your funds.
Over the life of the agreement, appreciation is measured using the S&P/Case-Shiller Home Price Index. ®
The S&P/Case-Shiller Index is widely regarded as the national benchmark for measuring home price movement. There are a number of advantages to using the index. For one, it helps to mitigate the subjective nature of appraisals. Also, if you add a bedroom or remodel the kitchen, the added value of those improvements will not be reflected in the index. You paid for them, and it’s only fair that you receive all the benefits. Perhaps best of all, the index is published on the S&P website. You can check its performance just by visiting standardandpoors.com, and you’ll know exactly where you stand for the life of our agreement.
Contact Me To Get Started!