SOUTH LOS ANGELES Rehab Add 500 SF and Accessory Dwelling Unit

[Shannon Shue]

With ADUs being approved by the city and many rehabbers adding this for value, how does that effect to bottom line of a flip?

We will explore this midway project and the finished vision. Expect to learn the process of procuring the property, analyzing the returns and rehab costs.

Rehabbing in Los Angeles with an ADU permit is extra work. However, the returns can outpace the neighborhood comparable when saving interior and exterior character. Many of the homes in urban Los Angeles are older and buyers look for unique historic charm.

This LA bungalow was a 2 bed 1 bath and will turn into a 3 bedroom 2 bath home with an ADU. It will be a great example of We will get hands-on with Crystal Denmon. See how a beautiful home keeps the original craftsman charm while modernizing the design.

At this meet up, we will review:

• Acquisition and rehab costs

• Finding the Property

• Renovations being done

• Re-selling the property

Come prepared to get a hands-on look at the early stages of this rehab project. We recommend you wear covered shoes and be ready for a construction environment.

Afterwards, we will meet at:

Taqueria Los Anaya, 4651 W Adams Blvd, Los Angeles, CA 90016

Here we will network and talk about our needs and wants as Real Estate Investors.

Schedule:

11:00am - 12:15pm: Tour the rehabbed home, review financials and acquisition.

12:45pm-1:30pm: Meet and Greet over chips and salsa. Food or drink is not required nor included.

$20 will be collected at the door, please be ready with cash or a credit card.

The address to the rehabbed Crenshaw property will be given via TEXT message, so please RSVP at: MEETUP