Comey Ave
LA Ground-Up Development Project
Property Purchased; In Design Phase
Here's the plan:
Current Parcel has single family home; Secured for $1M
Parcel zoned for up to 5x units;
Total Estimated Rent roll: $24K
Estimated Cost of Construction: $1.5M
Est. Sale Value: $4.1M
Est. Profit: $1.1M
Est. Equity Multiple 2.4x
Est. IRR: 62%
Target Fundraise : $820K
Remaining Fundraise: $450K