Laguna Beach Single Family Residence

[Marcella Seidensticker]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,338,000
Cash invested: $1,338,000

Oceanview. Beach walkable. 4 bedrooms plus a loft. 3.5 baths. Renovated.

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

The appreciation potential.

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

First day on the market during Broker Preview.

How did you finance this deal?

Traditional loan.

How did you add value to the deal?

Renovated for today's lifestyle and paid it off.

What was the outcome?

A property we intend to keep forever and use as a rental in the future.

Lessons learned? Challenges?

Look at the neighbor's houses. It may take a very long time for them to upgrade or renovate if ever.

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

Yes, we used a great out-of-town agent. However, a local agent would have had more knowledge