Real Estate Investing 360 w/Pete Asmus & Ivan Oberon
The Real Estate Investing podcast for entrepreneurs, Investors and business professionals around the world. Giving your a 360˚ view of Real Estate Investing Today! This podcast focus' on the strategies we are doing. Pete & Ivan are dedicated to helping you reach the next level of you until you are at your peak!
Today's Episode is focused on our LA project located at 6336 Brynhurst Ave, ca
Paradyme Funding inc.
Today Pete and Ivan focus on building the one thing that will catapult you to the next level the fastest. Building profitable relationships.
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Location: Los Angeles, Ca.
Our developer is ready to acquire project site, develop and build MESA PARK APARTMENTS – a planned multi-family dwelling of 12 units.
The building is a clean modern design with flat roof for aesthetics, ease of construction and maintenance. It has great curb appeal and has secured ground floor and gated parking structure with 16 spaces. It also has 14 secured bicycle parking spaces.
All entitlements are complete. Project has been approved by the city of Los Angeles. Permits are ready to be issued and development can commence right away.
DEAL HIGHLIGHTS:
-12 Unit Building
-There is a private rear yard (960 sqft)
-Recreational room with a bathroom (420 sqft)
-Strategically located near Windsor hills
-A mile away from a metro station under construction
-Blocks away from The Forum and the new LA Rams Football stadium.
-50/50 profit split
This portion of the city of Los Angeles has great views due to its hilly topography. It is a quiet neighborhood that is currently undergoing a gentrification trend with massive re-developments. Site is ideally located at the center of 4 major freeways – 405 to the West, 10 to the North,110 to the East and 105 to the South. Site is very close to the University of Southern California, downtown LA and the Staples Center.
BASIC NUMBERS - 12-15 month timeframe
ARV: $5,400,000
Purchase Price: $1,070,000
Development: $2,200,000
Projected Profit: $1,343,000
Total JV Investment Amount: $1.1MM
Investors Share of the Profit: 50% of projected profit = $671,400!
To learn more about this Joint Venture Project, our overall investment capabilities or any recently closed transactions; please go to http://bit.ly/ttiopportunities or contact Pete Asmus by emailing pete@theTURNKEYinvestor.com or texting 951-505-8303
