Another Will Barnard Project in Sherman Oaks, CA

[Will Barnard]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $735,000
Cash invested: $1,060,000
Sale price: $2,825,000

New Construction project in Sherman Oaks. Purchased all cash as a major fire damaged home & knocked almost all of it down and re-built it with new addition and rooftop deck with jet-liner views of the city! A modern contemporary masterpiece, the amenities and finishes in this project are top notch. Rooftop deck has built in BBQ, fire pit, surround sound, & an above ground spa! Listing in zillow: https://www.zillow.com/homedetails/3859-Sherwood-Pl-Sherman-Oaks-CA-91423/19986918_zpid/?view=public

What made you interested in investing in this type of deal?

Been doing it for years.

How did you find this deal and how did you negotiate it?

Connection with listing agent and my agent to strike the deal.

How did you finance this deal?

My Private Investors

How did you add value to the deal?

Demolished it and re-built it with new addition plus rooftop deck.

What was the outcome?

Unfortunately this was held way too long due to a number of factors, including COVID, city planning and permit delays, delays in construction and materials, and additional delays by city.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself