1880 Sharon Rd, Palm Springs, CA 92262
Great opportunity in Palm Springs, CA.
This Palm Springs home consists of 3 beds, 3 bath, a pool, 1,716 sqFt of living space on a 16,553 Acres Lot. Don’t miss out on this great opportunity!
Investment and Property Details
At Strandpark Properties, we believe in creating win-win opportunities. We invite our clients to sponsor rehab projects, which not only shares the financial success but also fosters a truly collaborative partnership. While we could fund these projects ourselves, we actively value the insights and involvement of our clients. This unique approach allows you to earn 60% return on your investment, in addition to your initial investment, making it a lucrative opportunity for everyone involved.
Explore our current deals and join us in transforming properties into profitable ventures.
As is Value:
$430,000
After Repair Value:
$799,000
Investment Duration:
28 Days (24–day renovation phase and a 4-day final closing period)
Return on Investment:
60% ROI
Rehab Cost
$62,000
End Buyer Agreed Purchase Price:
$750,000
Security
IMPORTANT NOTICE: Investment Security and Closing Guarantee
A Purchase Agreement has been signed with a committed End Buyer, providing an anticipated exit for the project.
In the event the End Buyer fails to close immediately following the property rehab completion, Strandpark Properties Limited is contractually obligated to pay the investor their full Return on Investment and Initial Investment on the exact date agreed upon by the investor and Strandpark Properties, as stipulated in the Joint Venture Contract Agreement. This serves as a principal guarantee and ensures the investor is paid on schedule regardless of the final sale timeline.
No Additional Capital Calls: The Operating Partner is solely responsible for any cost overruns, protecting the investor from being asked for further funds beyond the initial $62,000 commitment.
Information Rights: Weekly financial reporting requirements ensure complete transparency, allowing the investor to monitor the project’s financial health in real-time.
Lead Contractor
Benjamin Brooks
Rehab Cost Breakdown
• Kitchen ($18,000): Painting the existing cabinets, installation of quartz countertops, adding a tile backsplash, and upgrading stainless steel appliances.
• Flooring & Trim ($12,000): Laying uniform Luxury Vinyl Plank (LVP) throughout the house and installation of new 5-inch modern baseboards.
• Interior Paint ($7,500): Smoothing out ceilings and professionally painting all walls, trim, and doors a clean neutral tone.
• Landscaping & Curb Appeal ($8,000): Clearing weeds, installation of low-maintenance gravel, and painting the window security bars.
• Lighting & Fixtures ($6,000): Replacement of bare bulbs with modern recessed LED canister lights and updating all switches and outlets.
• Closets & Doors ($5,500): Replacement of dated gold-framed mirrored closet sliders with modern bypass doors and swapping out door hardware.
• Bathrooms ($5,000): Refreshing cosmetics with new faucets, updated light fixtures, and fresh grout and caulk.
Total Rehab Cost: $62,000