Venice 2nd Story Addition ProjectThis project is 20% completed:1385 Preston Avenue, Venice, CA
Purchase Price = $1.6M
Rehab = $362K
ARV = $2.5M
Architecture and plans completed, in Dropbox (upon request)..
Waiting on final city approvalsTwo miles from Venice Beach and three miles from Santa Monica Pier... There are 3 bedrooms
and 2 bathrooms. The home was built in 1960 and has 1,537 square feet of original living
space. The home is a single story home with a two car garage. The lot is 5,883 square feet.
Basically everything is being redone. There's 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. There will be the addition of a 1,100 sqft
second story. The second story will consist of a supersized Master bedroom, bathroom and
walk in closet. We will also be adding two bedrooms and bathroom on the second story. With
the addition of 1,100 sqft to the second story of the house, it will now give the home a total of
2,637 sqft of living space and bring the curb appeal to reflect new construction. Due to
location and selling price all finishes including the bathrooms, kitchen, master bedroom and
flooring will all reflect upscale finishes. Landscaping will be updated in front of house along
with back yard. We are have several properties we are looking to liquidate.
They were initially joint ventures, 100% Financed.
But Our Borrowers could not carry the debt on the 1st and 2nd TD.
We took over the properties,
Looking to sell them AS-IS...
Gain Access to our other Properties...
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|Sq Footage Source
||I am the owner of this property and have authority to sell
||July 11th, 2017
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Seller assumes all responsibility for the content of this listing.