Seacliff, Huntington Beach
Investment details
*That is only an estimate based on the current market conditions and the offering's parameters.
Listed by Flipur Investments
This investment opportunity is offered solely by the listed Operator. Flipur is a technology platform and is not the issuer, broker-dealer, investment adviser, or placement agent for this offering. Flipur does not endorse, recommend, verify, or guarantee this opportunity.
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Property details
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19321 Manor Point Circle, Huntington Beach, 92648, California, United States
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19451 Surfdale Ln, Huntington Beach, CA 92648 - Shows nice in photos but was outdated and they were in huge rush to sell.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.
Location
