23780 Inspiration Rd, Crestline, CA 92325
Great opportunity in Crestline, CA.
This Crestline home consists of 2 beds, 2 bath, 800 sqFt of living space on a 6,316 SqFt. 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 50% 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:
$135,000
After Repair Value:
$322,000
Investment Duration:
35 Days (30–day renovation phase and a 5-day final closing period)
Return on Investment:
50% ROI
Rehab Cost
$78,000
End Buyer Agreed Purchase Price:
$295,000
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 $78,000 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
• Drywall & Paint ($16,500): Sheetrocking over all that dated wood paneling is the biggest priority to make the rooms look modern. This covers all the texturing and a clean, neutral paint job on the walls and trim.
• Kitchen & Bar ($19,000): A full overhaul for the kitchen and the wet bar area. This budget handles new modern cabinets, stone countertops, updated plumbing fixtures, and fresh appliances.
• Flooring & Trim ($11,500): Ripping out the old carpets and mixed flooring to lay down uniform, high-traffic Luxury Vinyl Plank (LVP) across the whole layout, finished with new square-profile baseboards.
• Bathroom ($5,000): Updating the bathroom setup with a modern faucet, a new mirror, a cleaner light fixture, and painting out the wood walls to brighten the space.
• Lighting & Electrical ($4,500): Getting rid of the dated hanging fixtures and swapping them out for clean, recessed LED canisters and modern switches.
• Basement / Workshop ($4,000): Cleaning up, painting, and organizing that unfinished lower utility space so it’s actually usable for a functional workspace.
• Exterior & Fence ($5,500): A thorough power-wash of the green siding, a fresh coat of white paint on the perimeter fencing, and clearing out the overgrowth and pine needles around the immediate perimeter.
• Contingency ($12,000): A standard 15% safety net.
Total Rehab Cost: $78,000