Brief Overview
Loan Summary
Business owner sought a $180,000 business purpose 2nd Trust Deed cash out loan on this owner-occupied SFR and 3 non owner occupied ADUs, in Hawthorne, Los Angeles County, CA. The borrower will be using the loan proceeds to complete the 3 ADUs. The ADUs are 90% complete. This loan is based on the As Is value of $1,245,000. The after-completion value is $1,350,000.
Property Description
The subject property is an SFR with 3 newly developed ADUs located in Hawthorne, California. The property consists of an existing single-family residence with three additional newly constructed units, creating a four-unit asset designed for long-term rental income and stability. The improvements total approximately 3,694 square feet of rentable living area with a combined eight bedrooms and six bathrooms, situated on an approximately 8,711 square foot lot. The existing SFR is a single-story configuration with stucco exterior walls and modern construction elements. The three additional units are 90% complete. Upon completion, the property will offer a diverse unit mix supported by strong market rents in the area. The subject property is located in a residential neighborhood proximate to major employment centers, public transportation, retail amenities, and convenient access to the 105 & 405 Freeways and surrounding arterial roads. This location supports consistent tenant demand and long-term occupancy with a projected total rental income of $6,740.
What we like about this Trust Deed opportunity:
- Real estate investor, great location rental property in Hawthorne, Los Angeles, CA
- ADU’s 90% complete
- 6 months Guaranteed Interest
- 6 months Prepaid Interest
