PROJECT
1465 DONHILL DRIVE BEVERLY HILLS, CA 90210
Offering Summary
Acquisition Costs:
$3,650,000
Address:
1465 Donhill Drive
Beverly Hills, CA 90210
Lot Size:
2.10 Acres (91,476 sq ft)
House Size:
Approximately 15,000 livable sq ft
Approximately 25,000 sq ft building size
Style:
Warm Contemporary
Duration:
18-24 months for Construction
- Permits are RTI and ready to start construction
- REO sale way below market value
- Views of City, Canyons, and More
- Located at end of Cul-de-sac
- Set amongst some very high-end estates and comps
- One of the most trending areas
1465 Donhill Drive
25,000 sq ft buildable
Approximately 15,000 livable sq ft
Purchase $3,650,000
Closing Costs $30,000
Soft Costs $1,100,000
Construction $11,900,000
Contingency $975,000
Bank Fees / Interest $1,850,000
TOTAL COSTS $19,505,000
32.5% LTC + Fees $5,650,000
Reserve Acct $350,000
TOTAL EQUITY $6,000,000
$ 2,700 per ft
Sale Price $40,500,000
Closing Costs* ( $ 2,430,000 )
Total Costs ( $ 19,505,000 )
Gross Profit $18,565,000
Builder/Mgmt Fee (55%) ( $ 10,210,750 )
Investor Profit (45%) $8,354,250
ROI 139.0%
$ 2,500 per ft
Sale Price $37,500,000
Closing Costs* ( $ 2,250,000 )
Total Costs ( $ 19,505,000 )
Gross Profit $15,745,000
Builder/Mgmt Fee (55%) ( $ 8,659,750 )
Investor Profit (45%) $7,085,250
ROI 118.0%
$ 2,250 per ft
Sale Price $33,750,000
Closing Costs* ( $ 2,025,000 )
Total Costs ( $ 19,505,000 )
Gross Profit $12,200,000
Builder/Mgmt Fee (55%) ( $ 6,710,000 )
Investor Profit (45%) $5,510,000
ROI 92.0%
$ 2,000 per ft
Sale Price $30,000,000
Closing Costs* ( $ 1,800,000 )
Total Costs ( $ 19,505,000 )
Gross Profit $8,695,000
Builder/Mgmt Fee (55%) ( $ 4,782,250 )
Investor Profit (45%) $3,912,750
ROI 65.0%
$ 1,850 per ft
Sale Price $27,750,000
Closing Costs* ( $ 1,665,000 )
Total Costs ( $ 19,505,000 )
Gross Profit $6,580,000
Builder/Mgmt Fee (55%) ( $ 3,619,000 )
Investor Profit (45%) $2,961,000
ROI 49.5%
Purchase & Construction loan is personally guaranteed by
Ramtin Ray Nosrati,
Developer/Manager
*Closing Costs: Commission, Title & Escrow Fees
