REM Downey

Beds | Baths

Downey, CA

Development Status: Completed

Q4 2023 Financials

Revenue

$84,000

Expenses

$36,000

Profit

$42,000

Investor Pool Equity

30

Investor Pool Profit

$16,200

Project Description

Welcome to REM Downey, 2 homes any small starter family would love to call home, located in the heart of beautiful Downey, CA also part of LA County. Downey is a diverse and dynamic community full of life with established and young families calling it home. Downey prides itself with being its own full service municipal organization with 800 plus employees. This project entailed remodeling the 972 Sf main house with 2bd 2ba and the new construction of a 935 SF home in the back with 2 bd and 2.5 baths. Sitting on a .27ac lot, this property has 2 brand new homes ready to rent at market high rates, the design by developer will attract long term quality tenants each time its available.

Investment Overview

Estimated Project Duration

36 months

Expected First Payment To You

Sept 2024

Payout Schedule

Quarterly

Holding Period

48 months

Mortgage or Liens

Liabilities

$6,000

Cash on Hand

$400,000

PM Real Estate Services

Experienced real estate developer and strategic leader with a solid history of managing multi-million-dollar residential and commercial projects. Skilled in assembling and guiding top-tier teams of professionals, even under tough economic conditions. Adept at negotiating, decision-making, and project management, I deliver complex developments on time and to high standards. Proven ability in capital syndication, raising significant funds for various ventures. As a detail-focused communicator, I maintain robust investor relations in the OC and LA real estate markets.