by cgabhart | Jul 30, 2014
Case Study over view of construction and remodel of Martin St. Project
3484 Martin Avenue Project
San Diego, CA 92113
Case Study
Stunning 4 bedroom 2 bath house totally remodeled with unique upgrades.
Purchase Date: January 27, 2011
Sales Date: 4/28/2011
Purchase Price: $132,546.00
Sales Price: $221,953.07
Bed / Bath: 4/2
Total Square Ft: 1700
Price Per Square Foot: $79
Holding Period: 4 Months
Construction Costs: $30,800
Property Type: Residential, Detached
Year Built: 1964
Community: San Diego
Stories: Split Level
About this Location
Martin Ave Project Stunning 4 bedroom 2 bath house totally remodeled with unique upgrades. new stainless steel appliances, new laminate floors, new kitchen with granite counters with a glass tile backsplash, new dual-panel windows, new carpets, 2 car detached garage with separate entrance on alley in back, a large basement for storage. New fence. Bathrooms with new all, beautiful vanities and tiled walls around tubs and tiled floors. cul-d-sac st.
by cgabhart | Jul 28, 2014
5th Ave Project
Chula Vista, CA 91910
A 2 Bed / 1 Bath 850 square foot home on a large lot. When I called to see if it was available, they were just about to submit offers in a couple of hours, so I dropped everything and drove over to take a look.
Purchase Date: June 15, 2010
Purchase Price: $145,000
Sales Date: September
Sales Price: $242,000 to Investor
Bed / Bath: 2/1
Total Square Ft: 1250
Price Per Square Foot: $64
Holding Period: 6
Construction Costs: $25,200
Year Built: 1954
The Opportunity
We found this property using the fresh to the MLS method; a traditional sale not an REO. This is one of the three properties I purchased during a 30- Day Challenge. Please, go to the video section to see that ‘smelly’ first walk, and the picture section to see some before shots.
As soon as I walked it, I called the agent (which I always do before driving to a property) from the front porch and asked him to write- up the offer which was accepted over 30 other bids, after having to raise my price $25,000 and offering a 4 day close (The trust ended up taking about 3 weeks to close)
This property consists of a 2 Bedroom, 1 Bath, and 850 square foot home on a large lot. We purchased it for $145,000.
316 5th Ave Chula Vista, CA 91910
The Shape and Color
I wanted to keep the vintage retro look on this property. We usually go through with the usual colors and new cabinets, but I felt this property deserved to be restored to its original beauty.
I liked the idea of using the original colors whenever possible, seeking the original beauty, ironically I saved on my rehab costs. The outside was supposed to be more of a mint color, but it didn’t turn out that way obviously. It seemed REALLY blue until we painted the trim and hung the shutters.
5th Ave Flip
The Chula Vista Cat House
by cgabhart | Jul 25, 2014
Bullrush Glen Project
Escondido, CA 92027
Case Study
Purchase Date: June 17, 2014
Purchase Price: $200,000
Sales Date: August 20
Sales Price: $300,000
Bed / Bath: 3/3
Total Square Ft: 1,291
Price Per Square Foot: $155
Holding Period: 6 Months
Construction Costs: $25,410.00
Year Built: 1986
2057 Bullrush Glen Project Escondido, CA 92027
Interior exterior evaluation
Interior and Exterior
Initial walk through with evaluation
by cgabhart | Jul 23, 2014
10323 Caminito Agadir
San Diego, CA 92131
Case Study
Acquiring this property was a direct result of a cold call we made to an agent, we were contacted in regards to this property as it was falling out of escrow.
Purchase Date: Purchased 07/17/14
Sales Date:
Purchase Price: $230,000
Bed / Bath: 3/3
Total Square Ft: 1,513
Price Per Square Foot: $
Sales Price: $330,000.00
Holding Period: 5 Months
Construction Costs: $14,174
Property Type: Year Built: 1977
Community:
Acquiring the property
We were called on this property as a result of the marketing we have been doing with agents. This agent was contacted by me originally when I was selling Pennsylvania. She was a “cold call” I made to inform her of what I did and was looking for, she called me about 2 weeks later when this property was falling out of escrow.
After analyzing the comparable properties in the area, estimated construction costs, and projected construction time of the project an offer was made.
The appraisal on this came back at $350,000 based on our repairs we are going to do. The property has 3 bedrooms, 2.5 bathrooms, 1550 sq ft, and was built in 1977 but was remodeled in 2006. Given the convenient proximity of the remodel GII hopes to have a turn around time of two weeks with construction and five months of holding the property.
10323 Caminito Agadir San Diego, CA 92131
Exterior
First time I saw the property – 3
Interior
comments on planned improvements
Interior
walkthrough with comments
Caminito Agadir
Before Construction
by cgabhart | Jun 11, 2014
4312 Falcon Street
San Diego, CA 92103
Case Study
Falcon street was an REO we picked up from an agent who represented us on the purchase of the property.
Purchase Date: Purchased 7/28/10
Sales Date:
Purchase Price: $427,000
Bed / Bath: 2/2
Total Square Ft: 952
Price Per Square Foot: $604
Sales Price: $705,000
Holding Period:
Construction Costs:
Property Type: Residential, Detached
Year Built: 1962
Community: Mission Hills
Falcon Ave Project PRIVACY AND INCREDIBLE CANYON VIEWS!
This gorgeous home is “like-new” again with all systems new – elect. , plumbing, heating. This 2 Bed / 2 Bath, 952 sf home has new EVERYTHING! Gourmet kitchen with granite and stainless steel. Glass “subway tile” backsplash. Incredible views from two full decks – one on each level puts you on top of the world where you can be at peace. New flooring, paint, and baths. Master Suite has own deck and modern full bath with big walk-in shower. Gated storage area to R of garage. Small dog run. Permits and Insp.
4312 Falcon Street San Diego, CA 92103
Construction Complete
This purchase was an REO that was brought to us by an agent we had bought a few deals from. It is located in the very good neighborhood of Mission Hills near San Diego, California.
The hair on this deal is that the City had put a lien on the property due to numerous code violations.
Before we bought the property we met with the City to assess what had to be done and bought it. Well after a bureaucratic nightmare it took us from September until the end of December to get through plan check
Various stages of construction
