Land Partner Wanted

Unfortunately this project hasn't been funded on time!

Property Details

  • Time to Build
    NA
  • State
    CA
  • County
    San Diego
  • City
    San Diego
  • GPS
    32.965798846832,-117.048181220203
  • Curent Zoning
    Residential
  • General Elevation
    680
  • Taxes
    $18000
  • Conveyance
    Promissory Note/Contract
  • Sewer
    At the lot line on one and 5 septic sites on other one.
  • Parcel Size (in acres)
    108
  • Zip
    92080, 92064
  • Title Info
    Petobego LLC
  • Access
    Drive up paved access
  • Terrain
    Flat spots with hills mixed in too
  • HOA Fees
    NA
  • Power
    At the street on both properties.
  • Water
    City water at the lot and extra water well on one of the proprieties as well
  • Phone
    At the street

Transaction Details

Total Transaction Purchase Price (including closing costs): $250000
Anticipated Sale Price: $426500
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 180 days
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 100%
Equity Partner Profit Split: 100 of 37.5 Net Profit Split on property 1 and 31.25 Net Profit Split on property 2 %
Anticipated Budget: $426,500(Sale)-250,000(cost)=176,500(Profit) Partner gets it all.

Previous picture Next picture Close gallery
No backers yet!
No new updates