Projects proposed for Musharakah:
1...
2.2 acres, raw land, very good area
Planning has approved 8 residential lots - requires major grading
Land Cost: $2,600,000
Anticipated Development Cost: $1,000,000
Anticipated Sell Price: $4,800,000 ($600K per lot)
Anticipated Closing Cost: ?
Anticipated Time to Completion: 18 months
2...
3 acres land, Riverside
Straight-forward development project for 24 townhouses
Land Cost: $1,500,000
Anticipated Development Cost: $1,250,000
Anticipated Sell Price: $3,600,000 ($150K per lot)
Anticipated Closing Cost: ?
Anticipated Time to Completion: 24 months
3...
Land with approved plans for 4-plex close to LA
Land Cost: $900,000
Anticipated Development Cost: ?
Anticipated Sell Price: ? ... 25% return
Anticipated Closing Cost: ?
Anticipated Time to Completion: ?
Current Projects in Development:
12 homes + 12 ADU
Riverside, CA
$ 12,000,000
2 custom homes
Santa Ana, CA
$ 5,500,000
Remodeling project
Laguna Hills, CA
$ 200,000
New groundup house
Irvine, CA
$ 600,000
Elementary School
Bell Garden, CA
$ 550,000
School renovation
Walnut, CA
$ 86,000
Projects finished in 2021:
Groundup custom house
Corona Del Mar, CA
$ 3,000,000
Ground up duplex
Newport Beach, CA
$ 1,200,000
Remodel house
Irvine, CA
$ 450,000
