Investors Needed ( Joint Venture)to build 3 units 2 story
Los Angeles, US
This is a great opportunity to purchase this property and build a triplex. The existing home is on a large 7,539 sq ft Lot and is Zoned R-3, Multi Residential.
It could be built in to 3 units, 3-story home with modern design to create the luxury look.
6211 Heliotrope can be transformed to triplex with each unit having 4 bedroom,2.5 bathroom, around 1500 living square feet per unit with pro forma rents for $3,500 per month. NEED $250,000 for gap fund from investors
General Features
- List Date:
- 10/01/2018
Full Description
*** NEED $250,000 for gap fund from investors
THE PROPERTY: click here for brochure : https://goo.gl/RmfMeS
Address 6211 Heliotrope Ave Bell CA
Parcel #: 6316016024
# Units: 3 Units in 2-story building
Year Built: 2018
Building Size (SF): 4500
Lot Size (SF): 7540
Zoning: R-3
UTILITIES:
Water: Separately Metered for Units (Tenant Pays)
Electric: Separately Metered for Units (Tenant Pays)
Gas: Separately Metered (Tenant Pays)
AMENITIES: Stories: 2-Story Townhome Style Duplexes
Appliances: Stainless Steel
Parking: 6 Covered Spots, 2 Uncovered Spots
Air/Heat: Central
XXXXXXXXXX
• Purchase: $425,000
• Soft cost: $75,000 (architect, engineer, permit)
• Hard cost: 1500 sqft x 3 = 4,500 sqf t
$140/sqft x 4500 = $630,000
• Bank interest: $110,000 a year (10%)
• Estimate rent: $3500 per unit total $10,500/month
ARV 2 million to 2.4 million
*** NEED $250,000 for gap fund from investors
Investor needed / joint venture . NEED $250,000 for gap fund from investors and the builder/ owner will draw contract & add investor name to grant deed to secure.
Owner will responsible for construction loan & build..
Once the property built & sold investor to receive $250,000 back + 35% of net profit
