Recent Investment Properties Islander Properties
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AFTER
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Single family home converted to Triplex! The main house was expanded to three beds, two baths, with an attached one bed, one bath, Junior ADU and a new construction two bed, two bath ADU in the rear with a two-car garage.
Purchased for $395,000 and resold for $1,500,000!
ISLANDER PROPERTIES FEATURED PROPERTY
1327 5TH AVENUE | CHULA VISTA
1327 5TH AVENUE, CHULA VISTA | 91911
BR 5 BA 2,215
ACQUISITION DATE DISPOSITION DATE DAYS HELD 10/4/2021 10/18/2023 744 NET ACQUISITION PRICE RENO COST PROJECTED CLOSE $395,000 $585,000 $1,500,000
DREW CHANCE, INVESTOR, BROKER ASSOCIATE
Drew has been a real estate investor since 2010, a CA licensed real estate agent since 2012, and a CA licensed real estate broker since 2017. He is the managing member of Islander Properties, LLC. Over his career, he has represented a number of real estate investors throughout San Diego County and Southern California, totaling over 300 real estate transactions. His expertise lies in property valuation prior to purchase, design and construction management, and marketing properties for maximum price upon exit. Drew Chance owns his Real Estate Brokerage, DC Realty Partners, based in Coronado, CA.
CHRIS McKANRY, ACQUISITIONS MANAGER
Chris has been a lifelong real estate investor. As a teenager, he worked for his Dad who was buying, renovating, and selling real estate before it was “the thing to do.” After high school, he majored in finance at the University of Missouri and then received his MBA in finance from Webster University in St. Louis. He has an extensive career in mortgage lending, commercial real estate sales, and residential real estate investing. He has owned/partnered and managed hundreds of properties in his career. His expertise is in finance and investment structure, identifying investment opportunities, and construction management.
PROPERTIES MANAGEMENT TEAM
ISLANDER
Chance | Managing Member CalBRE#01913042 DrewChance619@gmail.com 619-962-5976
Drew
McKanry | Acquisitions Manager CMcKanry@gmail.com 619-384-8546 @IslanderProps
TOTAL ASSETS SOLD 24 AVERAGE ASSET DAYS HELD 186 CURRENT ASSETS UNDER MANAGEMENT 12 CURRENT NET ASSET VALUE (NAV) AS OF 03/28/2024 $29,715,000 IslanderPropertiesLLC.com @islanderpropertiesllc
Chris
PREVIOUS 24-MONTH INVESTMENT NUMBERS
ISLANDER PROPERTIES RECENT PROJECTS 9517 Ronda Avenue, San Diego | 92123 305 Pomona Avenue, Coronado | 92118 3 BR 2 BA 1,108 2 BR 2 BA 756 Purchase Price Sale Price Renovation $880,000 $1,525,000 $325,000 Purchase Price Sale Price Renovation $690,000 $930,000 $150,000
CLOSED INVENTORY ADDRESS STATUS NET ACQUISITION PRICE RENO COST TOTAL INVESTMENT SALES PRICE 900 E. Palm Canyon #102, Palm Springs Closed $300,000 $105,000 $456,000 $600,000 715 Holly Avenue, Imperial Beach Closed $645,000 $3,000 $648,000 $725,000 6241 Mount Adelbert, San Diego Closed $810,000 $130,000 $940,000 $1,115,000 11233 Linares, San Diego Closed $600,000 $10,000 $610,000 $700,000 830 Oneonta Avenue, Imperial Beach Closed $610,000 $0 $610,000 $700,000 1327 5th Avenue, Chula Vista Closed $395,000 $585,000 $980,000 $1,500,000 305 Pomona Avenue, Coronado (Buckeye) Closed $880,000 $325,000 $1,205,000 $1,525,000 9257 Ruffin Road, Santee Closed $560,000 $100,000 $660,000 $770,000 1252-1254 13th Street, Imperial Beach Closed $735,000 $450,000 $1,185,000 $1,590,000 960 E. Palm Canyon Drive #202, Palm Springs Closed $275,000 $125,000 $400,000 $600,000 9517 Ronda Avenue, San Diego Closed $690,000 $180,000 $870,000 $930,000 1007 9th Street, Imperial Beach Closed $387,500 $150,000 $537,500 $650,000 3606 Clavelita Street, San Diego Closed $485,000 $140,000 $625,000 $726,200 307 Kingswood Street, San Diego Closed $486,500 $136,000 $622,500 $680,000 6505 Mount Adelbert, San Diego Closed $835,000 $145,000 $980,000 $1,150,000 9430 Galston Drive, Santee Closed $575,000 $96,000 $671,000 $765,000 8867 Bralorne Way, San Diego Closed $800,000 $180,000 $980,000 $1,315,000 2932 Sego Place, San Diego Closed $690,000 $125,000 $815,000 $995,000 5281 Cole Street, San Diego Closed $725,000 $112,000 $837,000 $1,000,000 456 E Sonora Road, Palm Springs Closed $1,150,000 $460,000 $1,610,000 $2,574,000 1267 Pfeifer Lane, El Cajon Closed $680,000 $280,000 $960,000 $1,190,000 Totals/Averages $13,114,000 $3,832,000 $17,311,000 $21,800,200 Investing in real estate is an inherently risky endeavor. Islander Properties, LLC and its management highly encourage potential investors to seek legal, tax, and any other advice before investing in real estate. Islander Properties, LLC attempts to mitigate risk prior to acquisition with inspections, broker price opinions, contractor estimates; but cannot foresee changes in the market, or unforeseen issues with investments during, and/or after ownership. All investments contained herein were managed by Islander Properties, LLC. Many of the properties were owned by another investor and professionally managed by Islander Properties, LLC. Drew Chance is a licensed real estate broker with DC Realty Partners CalBRE# 01913042. If your home is currently listed with another broker, this is not intended as a solicitation of business. ISLANDER PROPERTIES RECENT ACTIVITY CURRENT INVENTORY ADDRESS STATUS NET ACQUISITION PRICE RENO ESTIMATE TOTAL INVESTMENT RESALE VALUE ESTIMATE (NAV) 558-560 11th Street, Imperial Beach Reno $950,000 $600,000 $1,550,000 $2,000,000 575 Florida Street, Imperial Beach Reno $740,000 $850,000 $1,590,000 $2,200,000 260 Donax Avenue, Imperial Beach Reno $875,000 $1,400,000 $2,275,000 $2,800,000 11451 Vela Drive, San Diego Pending Purchase $930,000 $200,000 $1,130,000 $1,350,000 1649 Paraiso Avenue, Spring Valley Pending Purchase $650,000 $55,000 $705,000 $875,000 1473 Woodhill Street, El Cajon, 92109 Reno $527,000 $130,000 $657,000 $775,000 22 Aruba Bend, Coronado, 92118 Reno $1,500,000 $300,000 $1,800,000 $2,200,000 Totals/Averages $6,472,000 $3,635,000 $10,107,000 $12,765,000
INVESTMENTS WITH RESULTS Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2024 @IslanderProps IslanderPropertiesLLC.com @IslanderPropertiesLLC Ten on Hamilton
