The new year brings great news for the Goshen investment property! The Goshen investment property update for this month includes great news for all investors: construction is complete! We are now just tending to final touch-ups as we wait for SDG&E to connect the gas and electric meters so that we can pass our Final Inspection with the City. Then we will be able to lease the three units in preparation to sell the property. Projected completion: Imminent Goshen Investment Property Update – January 2018 from DiversyFund
We are getting very close to completion in Costebelle! The Costebelle investment property is looking amazing and is almost there! With the elevator installation complete, we are ready for Roman James’ custom-made furniture and art to arrive the last week of the month. The landscape crew is working on their final touches and the cabinet drawer fronts are being put in place. Then the house will be ready for private showings! Projected completion: Imminent Costebelle Investment Property Update – Jan 2018 from DiversyFund
This month our Park Blvd property is making headway with final plans being prepared to submit to the city and more! First, the architects, consultants and engineers are pushing to finalize our submission package to the City for comments. Additionally, the architects sat down with us last week to provide a virtual tour of the building. We’ve got to say, we’re very impressed with the overall design of the building and interior units thus far!
We are excited to announce the projected completion for our Felspar property is Spring 2018. This month, the exterior doors have been installed. Lath, along with scratch and brown coats on the exterior building and insulation are complete in both buildings and have passed their inspections. We have finished all the electrical underground work, as well as the electric panels and sub-panels in both units. Drywall is being installed and the roofing is about to get underway. Projected completion: Spring 2018
For this month’s investment update, you’ll see a lot taking place at the Monterey property. The General Contractor is working hard on interior designs for the project, picking out various finishes for the flooring, tile work, cabinets, and countertops. We’ve received newly proposed master bedroom and master bathroom floor plans and fireplace selections for all areas. The septic tank was installed and we are excited to start on insulation and installing roofing material. Monterey Investment Property – December 2017. Diversyfund
We are wrapping up the year with a great Investment Update for our Costebelle Property. During the last month, the General Contractor worked hard on the exterior of the house: site drainage, concrete flatwork, and BBQ area. HVAC equipment was installed, the tile was grouted and SDG&E is working on the paperwork for the gas meter. Wood flooring and baseboards are now installed throughout the house and countertops are fully complete. Cabinet drawers and hardware will go in next week. The garage elevator should be finished next week and we expect the house elevator’s cab to finally arrive so that installation can be completed before the New Year! Completion of this beautiful home is just around the corner.
This month we’ve been putting the finishing touches on the Goshen property. This month we’ve been putting the finishing touches on the existing house, including garage door installation, framing the master bedroom balcony railing, and grass installation. Utilities were processed this month with SDG&E and the City of San Diego public utilities. We’re now waiting for SDG&E to connect meters and backfill and for the subcontractor to connect water from the property to the street. This includes a re-do of the sidewalks, street and driveway. We are almost there!
This month’s Granito investment update brings you good news about the high-end market in Los Angeles. Right now, we are waiting on the final pledged dollars to come through, so we can begin excavation work in January. We look forward to sharing photos with you in the coming months so you can watch this remarkable home take shape. Recently, we had a market update call with Josh Altman from Bravo TV’s “Million Dollar Listing” television show. During the call, he said the high-end market in Los Angeles continues to perform well, especially for new construction like Granito due to the lack of supply of new high-end product.
For the month of December, our Felspar project brings many new updates, which are bringing it closer to the finish line. First of all, we just passed our framing and rough-in inspections! Moreover, the fire sprinklers are complete and ready for inspection. Since December typically brings a lot of rain, we papered all of the roof areas to protect them. The exterior stucco of the property will be starting soon. Finally, before we took off for the holiday, we did a preliminary walk through with the flooring company to make sure everything is ready for them when it’s time for their work to begin.