Small Change raised $200,000 in debt to help the developers of Rosewood complete this small lot subdivision project located in Larchmont, Los Angeles. The development consists of four brand new, generous and luxurious net zero town homes.
At completion the four units were listed for sale with prices ranging between $1,295,000 and $1,395,000. The market was strong with higher-than–usual demand and after only the first weekend of showings, Rosewood had its first buyers for Unit 2B – newlyweds! All four units sold with prices exceeding original estimates by $70 – $100,000.
Investors were happy too. They received a generous 10% annual return and all of their equity returned on this energy-efficient subdivision in the heart of urban L.A.
Doing good never felt this good.
Images courtesy of The 4Corners Group
