How 2920 11th St Apt 6 created $621,780 in additional profit
Targeted updates designed to maximize value
New flooring, interior painting, baseboard & trim, kitchen countertops & backsplash, wet bar enhancement, bathrooms remodel, powder room enhancement, lightings, an staging.
Before Revive
The homeowners knew the home had more potential, but needed a clear plan to unlock it.
This 3 bd/3ba townhome in Santa Monica had a great location working for it. Located just blocks from the beach, this rental property had been tenant-occupied for 15+ years, but the tenants were ready to move, and the owners were prepared to sell. The agent and sellers knew the place needed some renovations before listing, so they partnered with Revive. Revive fronted the cost of renovations, curated a plan and design that was rooted in ROI, and helped streamline the communication with the contractors. Realtor, Jae Wu, estimated the home’s as-is value at $950,000. With $128,220 fronted to cover the cost of modern upgrades and repairs, the house sold for $1,700,000, netting the homeowners an additional $621,780. That’s money that would have been left on the table had they sold as-is!
The results speak for themselves.
Home value increased by $750,000
$950,000
As-is price
Purchase price
$128,220
Renovations
$1,700,000
Sales price
Resale price
$621,780
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.