Listing photoSan Bruno, CA 94066 · MLS 41147759
"A rare opportunity in one of San Bruno's most desirable neighborhoods! First time on the market in over 30 years, this fixer is ready for its next chapter and presents an exciting opportunity for buyers looking to renovate, reimagine, and make a home completely their own."
406 Hawthorne Ave is a 4-bedroom, 2.5-bath home in San Bruno, California listed at $998,000 with 1,430 square feet, built in 1955. 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 ($99,800), we fund the $64,350 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. First time on the market in 30+ years. This fixer in San Bruno's Mills Park neighborhood is ready for renovation, with views and a detached bonus room.
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 | $99,800 (10%) | $349,300 (35%) |
| Loan at closing | $898,200 | $648,700 |
| Cosmetic renovation, rough estimate* | We fund $64,350 | Buyer pays $64,350 |
| Total loan | $962,550 | $648,700 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($14,438) | 1.5 ($9,731) |
| Appraisal | Required | None |
| Estimated monthly interest | $7,420 at full draw | $5,676 |
| Cash to close, rough estimate | $118,628 | $359,031 |
Rough estimates at the list price of $998,000 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 $45 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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