$50,000 is all you need to be part of this great project
SLO concept for this development in Highland Park, CA 90042
Looking for investments from $50,000 - $1,000,000 to be part of this incredible project. 40% of ownership of the project will be reserved for the full $1,000,000 investment or 2% of the project per
$50,000 investment. Total NET profits of the project are projected to reach $2,061,590 which would yield
$824,636 or an 82.24% ROI over the term of the project, which is projected to be completed in two years
from the date of funding.
6152 Mesa, LLC, a Wyoming limited liability company with offices in Los Angeles, California, is hereby
offering 400,000 LLC Membership Units at $2.50 per LLC Unit, through a Private Placement Memorandum
(PPM). The minimum investment is 20,000 LLC Membership Units, or $50,000.00, although we may, in our
sole discretion, accept subscriptions for a lesser amount. The total amount of liquid capital being sought is
$1,000,000 in investment capital.
***Full Due Diligence Material is available upon request***
Email me at [email protected] or text me at 310-948-8585
Overview
We own the property which is an RD2 property, which under the SLO (Small Lot Ordinance) will allow us to build 1 SFR per 2000 SF of lot on the premises. The lot is almost 11,000SF, so this will allow us to take this current SFR, split the lots into 5 APNs and build 5 houses. The new Single Purpose Entity, an LLC, has complete control of this one project.
Under the SLO we will put together a proposed plot of how this property will be transformed from 1 SFR to 5 SFRs. The benefit of the SLO is that we create 5 separate fee simple lots with their own APNs. Unlike condo or townhouses the people do not own the land, the association does. There will not be an association with this property and the home owners will own their own property to do what they want with it. This is a huge benefit and will be very sought after.
According to our calculations, we will be able to build 5 homes on this plot = where each home will have its own 2000 SF lot. We will build approximately 1800 SF, 2 –story properties with roof top decks. Each site will be tiered, meaning the home in front will be lower than the home behind it, as we go up the common driveway on the right side of the property. This will give each home canyon views from the rooftop deck. On the roof top deck we will have a BBQ pit along with a hot tub.
The properties will be immaculate, but also cost effective. We have meticulously poured over the budgets and we feel conservatively that we can build each ~1800SF home for $335,000 each, which includes over $40,000 in contingency money (please see background) as well as grading, planning, permits and foundational work. The budgets are all-inclusive and common budget items are broken up between each house where applicable.
The resale value of each property is projected to be at $975,000. There is an entire CMA showing that this is a very conservative figure. These could easily sell for north of $1,000,000 each, especially that they will be brand new with lots of wow factors that will bring a top price. Not to mention, as this area continues to grow and transform the values are heading in only one direction.
Email me at [email protected] or text me at 310-948-8585
Profit Analysis
Purchase Price: $875,000
Other Buying Costs: $8,000 (altogether about $1600 per house)
Cost of Acquisition: $883,000
Cost to build: $1,822,235 ($364,447 per house with contingencies, planning, permits, materials, labor and everything… see budget)
Sales Price: $4,875,000 ($975,000 per house)
RE Commissions: $237,500 ($47,500 per hours at 5% RE Commission)
Interest for 24 months: $125,000
Taxes for 24 months: $21,875 ($4800 per house)
Utilities for 24 months: $4800 ($960 per house)
Insurance for 24 months: $11,000 ($2320 per house)
Other resale fees: $78,000 ($15,600 per house)
Cost to hold & sell: $478,175
NET PROFIT: $1,691,590
Relocation of existing house
Purchase Land: $300,000
Relocate House: $50,000
Plans and permits: $25,000
Rehab and remodel: $150,000
TOTAL: $525,000
Resell for: $1,000,000
RE Commission: $50,000
Architect and planner: $35,000
Escrow etc: $20,000
NET PROFIT: $375,000
TOTAL NET PROFIT: $2,066,590
Projected ROI
20% of $2,066,590 = $413,318
$413,318 / $500,000 = 82.66% ROI over two years with a partial payout after a year when we move the house and resell it. That equates to a 41.33% ROI per year. Pretty solid.
Email me at [email protected] or text me at 310-948-8585
These opportunities are usually located in los angeles, orange county, southern California, palm springs, huntington beach, CA. This is not traditional financing or hard money or private money. Many lenders who provide hard money financing or private money financing are not gap investors, so we are looking for true private individuals who are looking for solid ROI (return on investment) investments by being part of new property acquisitions on properties that are for sale. These opportunities are primarily for single family residences that are fixer uppers, fix and flips, need TLC and are hangman specials. So please call us if you are interested in gap, or jv, or being involved in a joint venture capacity on this amazing house flip opportunity in the amazing neighborhood of Studio City in Los Angeles California.
