$1,000,000

As-is price

Purchase price

$151,302

Renovations

$1,300,000

Sales price

Resale price

$148,698

Profit

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Scope of work

Flooring, baseboard & trim, softscape & hardscape, new railing and fence, ceiling removal, interior painting, fireplace enhancements, bathroom remodel, kitchen refresh and appliance installation, kitchen countertops, and lighting enhancements.

Before & After

Summary

Built in 1944 and located in a highly desirable neighborhood in San Pedro, this home was a perfect candidate for Revive’s Renovate to Sell Program. Agent Lee Williams was a return Revive partner who was trying to help his client upgrade this rental property to peak listing condition. After nearly 20 years of renting out the home, it was in need of strategic upgrades for current marketability.

With key updates completed in nearly every room, the end result was a refreshed, welcoming space in turn-key condition that was more attractive to today’s buyers. In its newly renovated state, the home sale generated $148,698 in profit for the client, a 30% increase in commission for Lee, and 98% return on the renovation cost.