Islander Properties Recent Investment Properties
ISLANDER PRO PE RTI E S MANAGEMENT TEAM
PREVIOUS 24 MONTH INVESTMENT NUMBERS TOTAL ASSETS SOLD
23
AVERAGE ASSET DAYS HELD
CURRENT ASSETS UNDER MANAGEMENT
7
CURRENT NET ASSET VALUE (NAV) AS OF 04.01.18
116
$4,180,000
DREW CHANCE, MANAGING MEMBER/REAL ESTATE BROKER 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 150 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 own 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.
CONTACT Drew Chance | Managing Member CalBRE#01913042 DrewChance619@gmail.com 619-962-5976 IslanderPropertiesLLC.com
Chris Mckanry | Acquisitions Manager Cmckanry@gmail.com 619-384-8546
@IslanderPropertiesLLC
@IslanderProps
I SLANDER PRO PE RTI E S FEATURED PROPERTY 1087 7TH STREET | IMPERIAL BEACH ACQUISITION DATE
DISPOSITION DATE
DAYS HELD
NET ACQUISITION PRICE
NET SALES PRICE
07/21/16
10/7/16
78
$424,000
$589,000
RENO COST
CLOSING COSTS
PROFIT
CASH ON CASH %
ROI%
$45,000
$26,505
$93,495
19.93%
93.29%
BEFORE
AFTER
1087 7TH STREET, IMPERIAL BEACH | 91932
4 BR
3 BA
1,729
1087 7th Street in Imperial Beach was a bread-and-butter flip for Islander Properties. Purchased, renovated, and sold within 78 days. As cosmetic a renovation as could be: fresh paint on the inside and outside, quartz countertops in kitchen and bathrooms, resurfaced and painted cabinets, installed laminate wood floors in the living areas, and new carpet in bedrooms, new baseboards, hardware on doors, new lighting fixtures, and professional landscaping. Purchased for $424,000 and resold for $589,000!
ISLAND E R PRO PE RTI E S RE C E NT PROJE CTS
1033 Loma Portal Drive, El Cajon | 92021 4 BR
3 BA
2,282
Purchase Price
Sale Price
Renovation
Profit
ROI
$518,000
$680,000
$78,000
$53,400
30%
731 Oneonta Street, Imperial Beach | 91932 4 BR
3 BA
1,861
Purchase Price
Sale Price
Renovation
Profit
ROI
$500,000
$675,000
$84,000
$58,625
24%
I S L ANDER PROPERTIES REC E NT SALES CURRENT INVENTORY STATUS
DAYS HELD
NET ACQUISITION PRICE
RENO ESTIMATE
TOTAL INVESTMENT
RESALE VALUE ESTIMATE (NAV)
Sale Pending
315
$170,000
$30,000
$200,000
$225,000
8446 Via Sonoma #96, La Jolla
Active
185
$412,000
$60,000
$472,000
$585,000
548 Jewell Dr, San Diego
Reno
174
$182,000
$140,000
$322,000
$475,000
9607 Marilla, Lakeside
Reno
134
$235,000
$190,000
$425,000
$595,000
13007 Seiler St, Poway
Active
35
$505,000
$45,000
$550,000
$665,000
6113 Skyline Dr, San Diego
Reno
21
$300,000
$65,000
$365,000
$460,000
312 J Ave, Coronado
Reno
17
$840,000
$140,000
$980,000
$1,175,000
126
$2,644,000
$670,000
$3,314,000
$4,180,000
ADDRESS 17264 Ron Ct. Elwood, IL
Totals/Averages
CLOSED INVENTORY DAYS HELD
NET ACQUISITION PRICE
RENO COST
TOTAL INVESTMENT
SALES PRICE
13651 E Lakeview, Lakeside
Closed
113
$343,000
$65,000
$408,000
$470,000
3949 El Canto, Spring Valley
Closed
90
$389,000
$50,000
$439,000
$509,000
732 Banyan, San Marcos
Closed
96
$590,000
$25,000
$615,000
$733,000
4101 E Plaza Blvd, National City
Closed
91
$272,000
$48,000
$320,000
$382,000
320 E Millan, Chula Vista
Closed
98
$388,000
$55,000
$443,000
$525,000
763 Puerto Oro, Oceanside
Closed
46
$475,000
$1,500
$476,500
$515,000
11086 Cedarcrest Way, San Diego
Closed
107
$736,500
$55,000
$791,500
$885,000
8545 Fresno Ave. La Mesa
Closed
124
$336,000
$60,000
$396,000
$450,000
622 64th St, San Diego
Closed
133
$264,000
$75,000
$339,000
$431,000
32610 Womsi Rd, Pauma Valley
Closed
56
$211,000
$4,000
$215,000
$310,000
1087 7th St, Imperial Beach
Closed
78
$424,000
$45,000
$469,000
$589,000
18 Prospect Ct, Chula Vista
Closed
93
$355,000
$60,000
$415,000
$485,000
7276 Hamlet Ct, San Diego
Closed
187
$532,000
$110,000
$642,000
$732,500
4457 Toni Ln, La Mesa
Closed
191
$444,000
$55,000
$499,000
$557,500
12706 Cijon St, San Diego
Closed
152
$549,000
$97,000
$646,000
$753,000
4879-4881 35th St, San Diego
Closed
36
$582,000
$7,000
$589,000
$675,000
1033 Loma Portal, El Cajon
Closed
110
$518,000
$78,000
$596,000
$680,000
731 Oneonta St, Imperial Beach
Closed
79
$502,000
$84,000
$586,000
$675,000
2541 Haller St, San Diego
Closed
422
$330,000
$155,000
$485,000
$595,000
1905 Cantamar, Imperial Beach
Closed
117
$361,000
$41,000
$402,000
$479,000
31 Connoley Cir, Chula Vista
Closed
90
$285,000
$45,000
$330,000
$410,000
1111 9th St, Imperial Beach
Closed
215
$465,000
$45,000
$510,000
$565,000
635 Encinitas Ave, San Diego
Closed
136
$363,000
$10,000
$373,000
$432,000
6220 Cumberland St, San Diego
Closed
148
$350,000
$65,000
$415,000
$473,000
125
$10,064,500
Totals
$11,400,000
$13,311,000
ADDRESS
Totals/Averages
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.
I NV E STM E NTS WITH RES ULTS
IslanderPropertiesLLC.com
@IslanderPropertiesLLC
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | ©2018
@IslanderProps