Atlas Development Group, LLC
Prepared for our Investors
About Atlas Development Group, LLC
Our mission is to develop and create projects with purpose that have a positive impact. We strive to be a developer that is helpful, fair, and valued in our communities.
Real estate is more than a transaction to us. We believe real estate represents the core values of integrity, honesty and heart. Everything we do reflects our core values.
We strive to be the developer of choice for fair-minded people who believe in our mission, values, and vision to create a different kind of development company. Data-driven, creative, and simply better.
About Clinton Brown
Clinton Brown is a real estate professional based out of the Los Angeles area. Clinton's focus is mostly on residential income properties and equity investments around the neighborhood of Palms. Aside from his extensive experience in real estate, he also has two years of experience in both technology and financial consulting.
Clinton earned a Bachelor's degree in Political Science from Manhattanville College and went on to pursue a Master's at Norwich University. He is a highly dedicated and driven individual who has a keen eye for seeing the bigger picture. He is passionate about finding solution for clients that will add value to their visions, missions, and dreams. Clinton strongly believes that empathy and effective communication are the foundation of conducting outstanding business within his community.
3702 Cardiff Ave.
Los Angeles, CA 90034
2 Bed, 1 Bath
Sq Ft: 988
Year Built: 1923
Purchase Price: $1,060,000
To Be Completely Deconstructed
Purchase a SFH in an R3 Zone with in the 90034 zip code of West Los Angeles and deconstruct the existing house; and build two brownstone single family homes for resale.
Each brownstone SFH will have 2,000 square feet of living space at a construction cost of $300 per square foot or $1,200,000. Many of the materials will be reclaimed for design purposes.
The ARV is $1,799,000 for each brownstone for a total value of $3,598,000 or $899.50 per square foot. The unique character of these brownstones coupled with the desirability of an urban setting, yet with a lush environment will allow the homes to demand top dollar in the housing market.
Atlas Development Group, LLC has secured financing for the project with a 80% LTV, 15% Seller-Carry and 5% contribution from LLC (not including sweat equity).
Additionally, the closing is set for January 2020 for the new tax year and authorization has been given to secure the permits needed (prior to closing) so we are able to start the project on day 1 after the closing.
Architectural plans have been submitted for design and a preliminary rendering of the project is below.
*Please see supplemental data to verify numbers.
Proposed Project Design
*Photo above is not an exact representation of the final design plan and may or not be used for this project which is contingent on submitted design plans.
The project will be broken down into phases with the following tentative deadlines:
November -January: Acquiring Permits, Plans and Pre-Construction required elements (prior to closing and with authorization from seller). Required 30-day notice prior to deconstruction.
January 15, 2020: Closing
January 16, 2020: Commence the process of deconstruction.
February 1, 2020: Commence the construction project via express permit request, early start permits, and streamlined processes.
July 1, 2020: Construction is completed on a rapid timeframe that includes maximum use of construction hours and overnight crews completing allowed activities under the law.
August 1, 2020: Building is ready for the market or to move-in if pre-sale opportunities were taken advantage of for the price of $1,799,000 for each house.
Comparable Sales Report
(Similar properties before construction)
Comparable Sales Report
(Land sales only)
(SFH homes sold in the area - after construction comps)
*The SFH brownstones that will be built will be 2,000 square feet each and priced at $899.50 per square foot.
Reclaimed materials throughout the building will lower costs and help save the planet.
Are you ready to invest?
Atlas Development Group is reviewing potential partners in our project. The investor will invest $100,000 in the project and will receive $143,920 on August 1, 2020. Based on the ARV of $3,598,000 the investor will receive 4% equity in the project.
Meet Me on Monday, November 17th, 2019 at 3702 Cardiff (the project site) at 1 P.M. and let's get started together!
Let's continue the conversation
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Terms & Conditions
Terms & Conditions
Investment Information Advisory & Release
Please be advised that Atlas Development Group, LLC (to be called "ADG") and its partners, officers, agents, brokers, employees and affiliates do not provide to its clients investment advice, tax advice, legal advice, or any other professional advice, including but not limited to, information relating to the future value of real estate or investment approaches and opportunities in buying and selling real estate. ADG do not guarantee or warrant the accuracy, completeness, currentness or timeliness of, or otherwise endorse these views, opinions, and recommendations or advocate the purchase or sale of any real estate properties, whether for personal, commercial or investment use, and does not provide investment advice, tax advice, legal advice, or any other professional advice, again, including but not limited to, information relating to investment approaches and opportunities in buying and selling real estate to its clients. Each client must rely on his or her diligent investigation to determine the merits of any investment opportunities by seeking the assistance of a professional for advice on investment, future value, tax, the law, or other professional matters.
In no event will ADG be liable to the Buyer or anyone else for any decision made or action taken by the Buyer in reliance of any statement disclaimed herein. Accordingly, effective upon the date of this Agreement, Client, on behalf of himself/herself, his/her spouse, agents, partners, attorneys, employees, predecessors, successors, affiliates, representatives, heirs and assigns shall, and hereby does, fully, jointly and severally, relieve, release, and forever discharge ADG and its partners, officers, agents, brokers, employees, affiliates, attorneys, predecessors, successors, representatives, subsidiaries, insurers, heirs and assigns, from any and all rights, claims (asserted and unasserted), actions and causes of action, suits, debts, demands, contracts, covenants, liens, liabilities, losses, costs, expenses (including without limitation attorneys’ fees), and damages of any nature, kind or description, known or unknown, anticipated or unanticipated, suspected or unsuspected, contingent or fixed, in law, equity or otherwise, from the beginning of time to the present, including without limitation all such released claims arising out of, based on and/or in any way related to any and allegations, claims and demands mentioned or referred to, or which might have been or could have been asserted, or in any other action which has been or may hereafter be commenced arising out of or in any way related to the transactions, activities, advice and/or conduct disclaimed herein.