Shovel Ready Pacific Beach Development Fully Entitled $950K!


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Current Status of the Property –

Lot has been cleared and Ready to go!

1270_emerald_st

Address: 1270 Emerald St. San Diego 92109 – https://www.redfin.com/CA/San-Diego/1270-Emerald-St-92109/home/5135489

Land Comp: 1220 Emerald St. $900,500 sold 10/19/16 https://www.redfin.com/CA/San-Diego/1220-Emerald-St-92109/home/5135519

Finished Comp: several in the area between 1.7M-1.8M

Cost to Build – $550,000

 Price- $950,000 

The permit needs to be paid for and pulled by April, otherwise it will expire. There are no issues. Seller just want to sell. However, if he doesn’t find a buyer, he will pull the permit and start building it.

They have already paid for everything that was needed to get the coastal permit approved, ie: architectural, structural, soil test, surveying, water drainage study as well as utility relocation, temp pole, and demo. This is a shovel ready project.

Coastal permit has been paid for and issued. Building permit has been fully signed off and approved. We just have to pay the school fees and inspection fees and pull the permit. These fees amount to about $8000.00

At this time seller doesn’t want to J.V. and prefers to sell fast with cash.

I’m Direct to the Seller and this is an off-market sale! Contact me Direct. Greg@FixandFlippers.com | 858-386-0949

 

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Off-Market 9017 Northcote Rd, Santee, CA 92071 to be Assigned


streetview

9017 Northcote Rd is a house in Santee, CA 92071.

This 2,143 square foot house sits on a 0.52 acre lot and features 4 bedrooms and 3 bathrooms.

 This property wasbuilt in 1985.

 
Price – $435k
ARV   $600k
Rehab $60k
Close of escrow 15 days
It’s clean.  Standard sale.  Under contract with company and/or assignee.
Deposit $2,500.
Vacant on combo 13579

Contact me if interested.

Off-Market Pacific Beach Fix and Flip or Development Opportunity


2124 Oliver

I’m  Direct to Seller – FSBO 

This was just purchased and is off-market, ready for wholesale.

2120 Oliver Ave San Diego, CA 92109

SFR
2 beds/2 baths
1,408 sq.ft on 6,300 sq. ft lot
Fix and Flip
Purchase $655K
Rehab $60K
ARV- $850K
Development Opportunity:
This is outside of the Coastal Commission Zone.
The idea is to split the lot and build 2 units with max of 2,300 sq.ft
Estimated resale of $995K each
Use to be a hoarder tenant, so lots of debris needs to be removed.
Easy to show.
POF to see inside.
If you need to explore private funding, ask me.

Greg@fixandflippers.com

858-386-0949

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Luxury Flips are Great Opportunities in the Market


We helped a client obtain the off-market property through an agent relationship, then we introduced him to a private fund. they offered our investor a 100% financing fix and flipper loan. This covered the acquisition, rehab, and we secured a 2nd loan for closing costs. Deal outline:  Purchase price was $1.5M with $300k rehab, with an after-repair value of $3M+.

We specialize in luxury flips and jumbo fixer loans.