Drew Chance - Islander Properties - Recent Investment Properties

Islander Properties Recent Investment Properties

ISLANDER PRO PE RTI E S MANAGEMENT TEAM

PREVIOUS 24 MONTH INVESTMENT NUMBERS TOTAL ASSETS SOLD

20

AVERAGE ASSET DAYS HELD

CURRENT ASSETS UNDER MANAGEMENT

8

CURRENT NET ASSET VALUE (NAV) AS OF 10/30/2020

219

$15,970,000

DREW CHANCE, INVESTOR, BROKER ASSOCIATE 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.

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 6624 HEMINGWAY DRIVE | SAN DIEGO ACQUISITION DATE

DISPOSITION DATE

DAYS HELD

02/05/2021

09/30/2021

237

NET ACQUISITION PRICE

RENO COST

PROJECTED CLOSE

$820,000

$215,000

$1,320,000

BEFORE

AFTER

6624 HEMINGWAY DRIVE, SAN DIEGO | 92120

4 BR

3 BA

3,163

Breathtaking VIEWS, large open floor plan, completely remodeled from head-to-toe, features movie theater, amazing master suite, massive vaulted ceilings, and custom features abound. This large home featured four ample sized bedrooms, three custom remodeled full bathrooms, views from front and rear of the property, dual living rooms, gorgeous remodeled kitchen built-in dining, formal dining room, and huge deck on the rear.

Purchased for $820,000 and projected to be resold for $1,320,000!

ISLAND E R PRO PE RTI E S RE C E NT PROJE CTS

3204 Madison Avenue, San Diego | 92116 2 BR

2 BA

Purchase Price

Sale Price

Renovation

$540,000

$778,000

$120,000

828

722 Sacramento, Spring Valley | 91977 3 BR

2 BA

Purchase Price

Sale Price

Renovation

$370,000

$650,000

$125,000

1,050

I S LA ND E R PROPERTI E S

RE C E NT A C TI V I TY

CURRENT INVENTORY STATUS

DAYS HELD

NET ACQUISITION PRICE

Development

703

$844,000

$2,300,000

$3,144,000

$4,250,000

Apartment Units

4

$2,200,000

$225,000

$2,425,000

$2,595,000

980-982 Georgia Street, Imperial Beach

Reno

228

$715,000

$180,000

$895,000

$1,095,000

6624 Hemingway Drive, San Diego

Reno

220

$820,000

$175,000

$995,000

$1,195,000

1146-1148 Florence Street, Imperial Beach

Reno

196

$725,000

$325,000

$1,050,000

$1,400,000

Eviction

179

$600,000

$100,000

$700,000

$895,000

Pending Purchase

18

$680,000

$170,000

$850,000

$995,000

Reno

94

$1,150,000

$300,000

$1,450,000

$1,795,000

205

$7,734,000

$3,775,000

$11,509,000

$14,220,000

ADDRESS 4551 Hamilton Street, San Diego 4912 Muir Avenue, San Diego (5 Units)

11233 Linares, San Diego 1267 Pfeifer Lane, El Cajon 456 E Sonora Road, Palm Springs

Totals/Averages

RENO ESTIMATE

TOTAL INVESTMENT

RESALE VALUE ESTIMATE (NAV)

CLOSED INVENTORY ADDRESS

STATUS

DAYS HELD

NET ACQUISITION PRICE

RENO COST

TOTAL INVESTMENT

SALES PRICE

2523-2531 L Street San Diego (6 Units)

Closed

1,052

$1,100,000

$125,000

$1,225,000

$1,750,000

3204 Madison Avenue, San Diego

Closed

219

$540,000

$120,000

$660,000

$778,000

2013 Cardinal Drive, San Diego

Closed

24

$775,000

$500

$775,500

$820,000

722 Sacramento, Spring Valley

Closed

93

$370,000

$125,000

$495,000

$650,000

365 Alameda Boulevard, Coronado

Closed

181

$1,300,000

$185,000

$1,485,000

$1,875,000

4691 51st Street, San Diego

Closed

80

$663,000

$10,000

$673,000

$815,000

3497 Copley Avenue, San Diego

Closed

267

$505,000

$1,000

$506,000

$665,000

3128-3128 1/2 Fairmount Avenue, San Diego (2 units)

Closed

1,059

$365,000

$115,000

$480,000

$680,000

700 Oneonta, Imperial Beach

Closed

31

$650,000

$0

$650,000

$715,000

824 41st Street, San Diego

Closed

85

$382,500

$62,000

$444,500

$540,000

10971 Martinique Way, San Diego

Closed

50

$612,500

$50,000

$662,500

$770,000

12694 Legacy Road, San Diego

Closed

128

$783,000

$70,000

$853,000

$985,000

10391 Glenellen Lane, San Diego

Closed

80

$512,500

$78,000

$590,500

$745,000

12719 Soule Street, Poway

Closed

120

$515,000

$68,000

$583,000

$725,000

402 Cerro Street, San Diego

Closed

127

$1,006,000

$177,000

$1,183,000

$1,370,000

2175 Cumbre Place, El Cajon

Closed

140

$575,000

$95,000

$670,000

$749,900

12881 Camino Ramillette, San Diego

Closed

201

$550,000

$70,000

$620,000

$700,000

5533 Roswell Street, San Diego

Closed

114

$360,000

$75,000

$435,000

$515,000

2547 Moonstone Drive, San Diego

Closed

175

$570,000

$75,000

$645,000

$725,000

3995 Mount Abraham, San Diego

Closed

161

$568,500

$130,000

$698,500

$781,000

219

$12,703,000

$1,631,500

$14,334,500

$17,353,900

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 NVE STM E NTS WITH RES ULTS

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@IslanderPropertiesLLC

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