Seacliff, Huntington Beach

This offering presents a unique opportunity to transform a well-located property into a bespoke luxury home. With a comprehensive renovation plan emphasizing high-end finishes and custom features, the property is poised to attract discerning buyers seeking premium residences in Huntington Beach.

Scope of Work:

Interior Upgrades:

Complete kitchen overhaul with top-tier appliances, custom cabinetry, and premium countertops.
Bathroom renovations featuring spa-like amenities, modern fixtures, and elegant tiling.
Installation of hardwood flooring and designer lighting throughout.
Addition of smart home technology for enhanced convenience and security.

(Inspiration pictures attached)

Exterior Enhancements:

Landscaping redesign to create an inviting outdoor living space.
Facade improvements, including new paint and architectural detailing.
Upgraded roofing and energy-efficient windows.

Comps Analysis:

On Market:
- 6712 Lawn Haven Dr, Huntington Beach, CA 92648 - Listed at 3.1. Clean home but not custom. On the golf course but not an ideal lot location.
- 6781 Lawn Haven Dr, Huntington Beach, CA 92648 - Listed at 2.69 - home is smaller and a cheap flip (we walked it). Nice back yard and agent has already received a contingent offer they are considering.
Sold:
- 6941 Garden Cir, Huntington Beach, CA 92648 - Close in size - 3M
- 19451 Surfdale Ln, Huntington Beach, CA 92648 - Shows nice in photos but was outdated and they were in huge rush to sell.
- 6852 Silver Beach Cir, Huntington Beach, CA 92648 - Smaller fixer but on the golf course - 2.6M
- 6852 Silver Beach Cir, Huntington Beach, CA 92646 - Not renovated - 2.53M

These comparables support the projected ARV, especially considering the planned high-end renovations that will position the property at the upper echelon of the market.

Exit Strategy:

The primary exit strategy involves selling the renovated property at the projected ARV to capitalize on the strong demand for luxury homes in the Seacliff area.

Risk Factors + Mitigation:

Market Fluctuations: The luxury market can be sensitive to economic shifts. Mitigation involves conducting a thorough market analysis and timing the sale strategically.
Renovation Overruns: Potential for budget overruns exists. Engaging experienced contractors and maintaining a contingency fund will help manage unexpected costs.
Extended Time on Market: High-end properties may experience longer selling periods. Implementing an aggressive marketing strategy targeting affluent buyers can reduce this risk.