Investors Needed ( Joint Venture)to build 3 units 2 story

Contact
Do, Hoang
Azura Capital Partners DRE # 01879611
2102 Business Center Dr
Irvine , CA 92612
Phone:
714-277-3993
Mobile:
714-712-0012
Info@DoHoangRealtor.com
DRE #01319281

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6211 Heliotrope Ave
Bell, CA 90201
Los Angeles, US
Status: Available (For Sale)
Type: Multi-family
Use Type: Investment Properties
Lot Size: 7,539 Sq. Ft.
Year Built: 2018


Overview
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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

Availability Calendar


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The information presented here is deemed reliable, though not guaranteed.