Our Company has Four Off-Market Projects we want to sell.
We bought them with the intentions of following through on the entire project, but we'd rather liquidate them now for other commercial investments.
725 N Crescent Heights Blvd, Los Angeles, CA
Purchase Price = $1.57M
Rehab Budget = $350K
ARV = $2.4M+
Architecture and plans already done. Approved plans & permits to be obtained within 2 months or less.
Located north of Melrose in trendy West Hollywood adjacent location. There are 4 bedrooms and 3 bathrooms. The home was built in 1923 and has 1,831 square feet of original living space. The home is a single story home with a 2 car carport. The lot is 6,050 square feet. Basically everything is going to be redone. We will be keeping two of the original bedrooms and bathroom in their same location on the first floor. There is going to be substantial changes to the original floor plan to bring the home to a more open and modern style with an open concept kitchen, dining room and family room. The most dramatic change will be the addition of 1170 sqft to the house with the majority of the square footage being added to the new 2nd story. The second story will consist of a supersized Master bedroom, bathroom and walk in closet. We will also be adding two bedrooms and a bathroom on the second story. With the addition of 1170 sqft to the second story of the house, it will give the home a total of 3,000 sqft of living space and bring the curb appeal to reflect new construction. Due to location and selling price bathrooms, kitchen, master bedroom and flooring will all reflect upscale finishes. Landscaping will be updated in front of house along with back yard.
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