STRANDPARK

1026 W 109th St, Los Angeles, CA 90044

Great opportunity in 109th St, Los Angeles, CA

This home consists of 3 bd/ 2 ba/ 961 sqft of living space on a 5,962 sqft lot. Don’t miss out on this great opportunity!

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Investment and Property Details

At StrandPark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 60% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.

Purchase price:

$450,000

After Repair Value:

$755,000

Investment Duration:

85 Days

Return on Investment:

60%

Rehab Cost

$94,000

Agreed Purchase Price:

The end buyer has agreed to purchase the property for $705,000 and has made a 25% non refundable deposit towards the ARV.

Security

Rock-solid, legally binding joint venture agreement guaranteeing your investment return and a 21% lien on the property.

StrandPark-Properties-JV-contract-agreement-Download

Lead Contractor

Sandra Elim

Property Details:

  • Size: 3 bedrooms, 2 bathrooms, 961 sq ft
  • Lot: 5,962 sqft
  • Year Built: 1962

Rehab Cost Estimate:

1. Exterior:

  • Roof:
    • Flat/Low-Slope Roof Replacement: $10,000.
  • Siding/Stucco:
    • Repair and Repainting: $5,000.
  • Windows:
    • Replacement with Secure, Energy-Efficient Windows: $7,000.
  • Exterior Doors:
    • Replacement with Secure Doors: $3,000.
  • Garage Door:
    • Replacement: $2,000.
  • Driveway:
    • Repair: $6,000.
  • Fencing/Gate:
    • Replacement: $5,000.
  • Landscaping:
    • Cleanup and Minimal Landscaping: $1,500.

2. Interior (961 sqft):

  • Demolition/Cleanup:
    • Debris Removal: $3,000.
  • Electrical:
    • Wiring Upgrades: $7,000.
  • Plumbing:
    • Pipe Replacement: $7,000.
  • Flooring:
    • New Flooring Installation: $5,000.
  • Painting:
    • Interior Painting: $5,000.
  • Kitchen:
    • Remodel: $10,000.
  • Bathrooms (2):
    • Remodel: $12,000.

3. Additional Costs:

  • Permits:
    • $2,500.
  • Contingency:
    • $3,000.

Estimated Total Cost: $94,000