Open Opportunity
1922 Gates Ave, #A
$
1,600,000
Purchase Price
Property details
Size:
3,020 sqft
Bedrooms:
6
Bathrooms:
5
Investment snapshot
Launch date:
Feb 1, 2025
Projected exit date:
Jul 31, 2025
Hold Period:
6 months
Projected Purchase Price:
$1,600,000
Projected Purchase Costs:
$112,000
Projected Loan Fee:
$7,020
Renovation Budget:
$160,000
All-In Project Costs:
$1,872,000
Equity Contribution:
$1,170,000
Loan-to-Equity Ratio:
60%
Projected Loan Amount:
$702,000
Projected Interest Amount:
$36,250
Loan Term Length:
6 months
Equity Contribution:
$1,170,000
Pre-Development Fee:
$64,000
Total Capital Raise:
$1,234,000
Projected Exit Price:
$2,100,000
All-In Project Costs:
-$1,872,000
Pre-Development Fee:
-$64,000
Projected Interest Amount:
-$36,250
Projected Closing Expenses:
-$42,000
Projected Net Profit:
$150,000
Total Management Fee:
30%
Location
1922 Gates Ave, #A
Redondo Beach,
CA
90278
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Open Opportunity
Open Opportunity
1922 Gates Ave, #A
$
1,600,000
Purchase Price
Description
This 2005-built property features 6 bedrooms and 5.5 baths (per tax records, a 4+4 configuration) and offers an array of modern upgrades. Highlights include a rooftop deck complete with a wet bar and outdoor BBQ area, an upgraded island kitchen with a see-through fireplace into the living area, designer polished cement floors, granite surfaces, and upscale fixtures throughout. Additional amenities such as an elevator, a two-car attached garage, and a central vacuum system enhance the property’s appeal. With sweeping views from Palos Verdes to the Malibu Mountains, this asset represents a compelling investment opportunity in a highly desirable location.
Investment snapshot
Launch date:
Feb 1, 2025
Launch date:
Feb 1, 2025
Projected exit date:
Jul 31, 2025
Projected exit date:
Jul 31, 2025
Hold Period:
6 months
Hold Period:
6 months
Projected Purchase Price:
$1,600,000
Projected Purchase Price:
$1,600,000
Projected Purchase Costs:
$112,000
Projected Purchase Costs:
$112,000
Projected Loan Fee:
$7,020
Projected Loan Fee:
$7,020
Renovation Budget:
$160,000
Renovation Budget:
$160,000
All-In Project Costs:
$1,872,000
All-In Project Costs:
$1,872,000
Equity Contribution:
$1,170,000
Equity Contribution:
$1,170,000
Loan-to-Equity Ratio:
60%
Loan-to-Equity Ratio:
60%
Projected Loan Amount:
$702,000
Projected Loan Amount:
$702,000
Projected Interest Amount:
$36,250
Projected Interest Amount:
$36,250
Loan Term Length:
6 months
Loan Term Length:
6 months
Equity Contribution:
$1,170,000
Equity Contribution:
$1,170,000
Pre-Development Fee:
$64,000
Pre-Development Fee:
$64,000
Total Capital Raise:
$1,234,000
Total Capital Raise:
$1,234,000
Projected Exit Price:
$2,100,000
Projected Exit Price:
$2,100,000
All-In Project Costs:
-$1,872,000
All-In Project Costs:
-$1,872,000
Pre-Development Fee:
-$64,000
Pre-Development Fee:
-$64,000
Projected Interest Amount:
-$36,250
Projected Interest Amount:
-$36,250
Projected Closing Expenses:
-$42,000
Projected Closing Expenses:
-$42,000
Projected Net Profit:
$150,000
Projected Net Profit:
$150,000
Total Management Fee:
30%
Total Management Fee:
30%
Location
1922 Gates Ave, #A
Redondo Beach,
CA
90278
Property details
Size:
3,020 sqft
Size:
3,020 sqft
Bedrooms:
6
Bedrooms:
6
Bathrooms:
5
Bathrooms:
5
Open Opportunity
1922 Gates Ave, #A
$
1,600,000
Purchase Price
Description
This 2005-built property features 6 bedrooms and 5.5 baths (per tax records, a 4+4 configuration) and offers an array of modern upgrades. Highlights include a rooftop deck complete with a wet bar and outdoor BBQ area, an upgraded island kitchen with a see-through fireplace into the living area, designer polished cement floors, granite surfaces, and upscale fixtures throughout. Additional amenities such as an elevator, a two-car attached garage, and a central vacuum system enhance the property’s appeal. With sweeping views from Palos Verdes to the Malibu Mountains, this asset represents a compelling investment opportunity in a highly desirable location.
Property details
Size:
160 m2
Size:
160 m2
Bedrooms:
6
Bedrooms:
6
Bathrooms:
5
Bathrooms:
5
Deal financials
Launch date:
Feb 1, 2025
Launch date:
Feb 1, 2025
Projected exit date:
Jul 31, 2025
Projected exit date:
Jul 31, 2025
Hold Period:
6 months
Hold Period:
6 months
Projected Purchase Price:
$1,600,000
Projected Purchase Price:
$1,600,000
Projected Purchase Costs:
$112,000
Projected Purchase Costs:
$112,000
Projected Loan Fee:
$7,020
Projected Loan Fee:
$7,020
Renovation Budget:
$160,000
Renovation Budget:
$160,000
All-In Project Costs:
$1,872,000
All-In Project Costs:
$1,872,000
Equity Contribution:
$1,170,000
Equity Contribution:
$1,170,000
Loan-to-Equity Ratio:
60%
Loan-to-Equity Ratio:
60%
Projected Loan Amount:
$702,000
Projected Loan Amount:
$702,000
Projected Interest Amount:
$36,250
Projected Interest Amount:
$36,250
Loan Term Length:
6 months
Loan Term Length:
6 months
Equity Contribution:
$1,170,000
Equity Contribution:
$1,170,000
Pre-Development Fee:
$64,000
Pre-Development Fee:
$64,000
Total Capital Raise:
$1,234,000
Total Capital Raise:
$1,234,000
Projected Exit Price:
$2,100,000
Projected Exit Price:
$2,100,000
All-In Project Costs:
-$1,872,000
All-In Project Costs:
-$1,872,000
Pre-Development Fee:
-$64,000
Pre-Development Fee:
-$64,000
Projected Interest Amount:
-$36,250
Projected Interest Amount:
-$36,250
Projected Closing Expenses:
-$42,000
Projected Closing Expenses:
-$42,000
Projected Net Profit:
$150,000
Projected Net Profit:
$150,000
Total Management Fee:
30%
Total Management Fee:
30%
Location
1922 Gates Ave, #A
Redondo Beach,
CA
90278