Millpond Ct Success in San Juan Capistrano!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $605,000
Cash invested: $12,000
Sale price: $785,000

Contributors:
Peter Vekselman

Partner Driven and Ann Mesa purchased this home for $605,000 on 06/27/2024, invested $12,000 in targeted renovations, and sold it for an impressive $785,000 on 11/15/2024. With strategic updates and market insight, this property became a highly desirable investment, showcasing the power of effective collaboration and value-driven improvements.

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

This Millpond Ct property was an exciting opportunity due to its prime location in San Juan Capistrano, CA, and its untapped potential. Despite its high purchase price, the neighborhood's strong market demand and low renovation needs made it a promising investment for maximizing profit with minimal turnaround time.

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

This property was sourced through Ann Mesa’s extensive network in Southern California. Negotiations focused on highlighting the quick closing capabilities of Partner Driven, securing a competitive price of $605,000 and ensuring the deal’s success despite the highly competitive market.

How did you finance this deal?

Partner Driven funded this transaction by leveraging a combination of internal capital and strategic partnership resources. This approach ensured quick closing while accommodating the $12,000 needed for targeted renovations to maximize the property’s resale potential.

How did you add value to the deal?

Strategic $12,000 renovations included minor updates to the kitchen and bathrooms, enhancing the property’s appeal to potential buyers. With these updates and professional staging, the home was transformed into a must-see listing, drawing significant interest and achieving a high resale value.

What was the outcome?

The Millpond Ct property sold for $785,000 on 11/15/2024, generating a remarkable return on investment. This success demonstrated the strength of the collaboration between Partner Driven and Ann Mesa and underscored the effectiveness of their renovation and marketing strategies.

Lessons learned? Challenges?

This deal emphasized the value of small, targeted renovations in competitive markets. The challenge of navigating a high-demand area was mitigated by expert staging and marketing, which highlighted the home’s updated features, leading to an exceptional outcome.