Bel Air Plateau

2361 Nalin Drive | Bel Air, CA

20 acres of Residential Development


Details

Date Purchased: October, 2005
Purchase Price: $2,001,000 (Land Only)
Sale Price: $11,890,000 (After Developed)
Sale Date: October, 2014
Holding Period: 92 months
Initial Investment: $1,600,000
Total Investor Proceeds: $2,286,319

Completed Business Plan

  • Acquired the 24 acres of unimproved land and performed a lot line adjustment
  • Secured the necessary approvals and entitlements for constructing three homes
  • Joint ventured with DB Builders to construct three contemporary homes on the site
  • Sold homes creating a capital event for investors

Persius Creative