Listing photoRiverside, CA 92504 · MLS TR26187770
"Investor Opportunity on 1.73 Acres! Great opportunity for investors, contractors, or cash buyers looking for a property with significant potential. Situated on approximately 1.73 acres (72,745 sq. ft. lot), this 4-bedroom, 2-bath home offers approximately 2,450 sq. ft. of living space in a private and desirable setting. The property is vacant and in need of a full renovation, providing an excellent opportunity for the right buyer to restore, redesign, and maximize its potential. Due to the property's current condition, cash offers are preferred, as the property may not qualify for conventional or FHA financing. The expansive lot, privacy, and location are some of the property's strongest features. Must see the property and surrounding area to fully appreciate the possibilities. Property is being sold in its present condition."
16801 Sendero Del Charro is a 4-bedroom, 2-bath home in Riverside, California listed at $649,900 with 2,450 square feet, built in 1976. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($64,990), we fund the $269,500 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. Investor Opportunity on 1.73 Acres! Great opportunity for investors, contractors, or cash buyers looking for a property with significant potential. Situated on approximately 1.73 acres (72,745 sq. ft. lot), this 4-bedroom, 2-bath home offers approximately 2,450 sq. ft. of living space in a private and desirable setting. The property is vacant and in need of a full renovation, providing an excellent opportunity for the right buyer to restore, redesign, and maximize its potential. Due to the property's current condition, cash offers are preferred, as the property may not qualify for conventional or FHA financing. The expansive lot, privacy, and location are some of the property's strongest features. Must see the property and surrounding area to fully appreciate the possibilities. Property is being sold in its present condition.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | Yes |
| Buyer down payment | $64,990 (10%) | $227,465 (35%) |
| Loan at closing | $584,910 | $422,435 |
| Full renovation, rough estimate* | We fund $269,500 | Buyer pays $269,500 |
| Total loan | $854,410 | $422,435 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($12,816) | 1.5 ($6,337) |
| Appraisal | Required | None |
| Estimated monthly interest | $6,586 at full draw | $3,696 |
| Cash to close, rough estimate | $82,196 | $233,802 |
Rough estimates at the list price of $649,900 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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Cash or hard money only"Cash buyers only – bring your contractor and make your offer!"
Get pre-qualified in one call and write your offer with the financing already lined up.
