Long Beach, CA

A fully renovated 3-bedroom, 3-bathroom ranch-style home offering 1,832 square feet of living space on a 5,025-square-foot lot. Purchased by the Borrowers in July 2024 for $825,000, the home underwent an extensive $250,000 renovation and expansion from its original 887 square feet. The single-story residence now features modern finishes and functional upgrades, including new interior and exterior paint, luxury vinyl plank flooring, recessed lighting, plantation shutters, dual-pane windows, central air conditioning, a dedicated laundry room, a covered porch and patio, and a two-car garage. The kitchen is outfitted with new white cabinetry, quartz countertops, a large center island with seating, custom lighting fixtures, and stainless steel appliances. Bathrooms feature tiled floors, quartz countertops, and walk-in tiled showers, blending style and durability. The loan request is for $800,000, with a 12-month maturity, to refinance the current purchase lien and provide cash out for the acquisition of another investment property. The Borrowers plan to lease and stabilize the property before refinancing into a long-term DSCR loan. This property and borrower profile present a solid, income-producing investment opportunity backed by proven real estate expertise and strong financials.