Listing photoGranada Hills, CA 91344 · MLS 26865877
"The property is a heavy fixer/tear-down and will require a cash or hard-money purchase."
17823 Rinaldi St is a 3-bedroom, 2-bath home in Granada Hills, California listed at $975,000 with 1,680 square feet, built in 1948. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($97,500), we fund the $184,800 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. Heavy Fixer / Tear-Down Exceptional Development or Renovation Opportunity in Prime Granada Hills | Cash Only. Tucked away on an expansive flag lot in one of Granada Hills' most desirable neighborhoods, this double gated property offers a rare opportunity for an end-user, builder, or investor to create something truly special. The property is a heavy fixer/tear-down and will require a cash or hard-money purchase. A private circular driveway, mature landscaping, and generous lot provide an exceptional setting to reimagine the existing property or develop a custom residence from the ground up. For an end-user, the expansive lot offers the opportunity to create a private dream estate tailored to your lifestyle, with ample room for indoor-outdoor living, entertaining, a pool, and additional amenities. For developers and investors, the substantial lot size presents exciting possibilities, including the potential for 13 ADUs, subject to buyer verification of all applicable city requirements and regulations. Ideally located near top-rated public and private schools, scenic parks, hiking trails, shopping, dining, and major freeways including the 118 and 405, the property combines privacy and tranquility with convenient access to everything Granada Hills has to offer. A rare opportunity to transform a private, oversized lot into a spectacular personal residence or capitalize on a promising redevelopment project. BLIND OFFERS WILL NOT BE RESPONDED TO.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Pre-screen | Yes |
| Buyer down payment | $97,500 (10%) | $341,250 (35%) |
| Loan at closing | $877,500 | $633,750 |
| Major renovation, rough estimate* | We fund $184,800 | Buyer pays $184,800 |
| Total loan | $1,062,300 | $633,750 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($15,935) | 1.5 ($9,506) |
| Appraisal | Required | None |
| Estimated monthly interest | $8,189 at full draw | $5,545 |
| Cash to close, rough estimate | $117,825 | $350,756 |
Rough estimates at the list price of $975,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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