Our Company has Four Off-Market Projects we want to sell.
We bought them with the intentions of following through on the entire project, but we'd rather liquidate them now for other commercial investments.
1385 Preston Avenue, Venice, CA
Purchase Price = $1.6M
Rehab = $362K
ARV = $2.5M
Architecture and plans already done. Approved plans will be obtained any day
Two miles from Venice Beach and three miles from Santa Monica Pier! There are 3 bedrooms
and 2 bathrooms. The home was built in 1960 and has 1,537 square feet of original living
space. The home is a single story home with a two car garage. The lot is 5,883 square feet.
Basically everything is being redone. There's going to be substantial changes to the original
floor plan to bring the home to a more open and modern style with an open concept kitchen,
dining room and family room. The most dramatic change will be the addition of a 1,100 sqft
second story. The second story will consist of a supersized Master bedroom, bathroom and
walk in closet. We will also be adding two bedrooms and bathroom on the second story. With
the addition of 1,100 sqft to the second story of the house, it will now give the home a total of
2,637 sqft of living space and bring the curb appeal to reflect new construction. Due to
location and selling price all finishes including the bathrooms, kitchen, master bedroom and
flooring will all reflect upscale finishes. Landscaping will be updated in front of house along
with back yard.
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Under Contract Every Month.
And Usually Keep About Half....
The Other Half,
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