FIX & FLIP: SANTA MONICA

Purchase Price: $1,500,00 — Rehab: $400,000 — ARV: $2,350,000

Loan Amount: $1,610,000 — LTV: 70%

Located in the prime Santa Monica market, one of LA’s top neighborhoods. This asset is walking distance to Santa Monica College, and several parks. This great bungalow style single-family residence just needed some true TLC! Full gut renovation that includes the addition of an ADU for additional income. This project includes high-end finishes and custom title work, resulting in a clean modern finish home.