DESIGN POINT
AFTER
RENOVATION ROCKSTAR
KITCHEN AFTER
California Dreamin' TURNING "OUTDATED AND CRAMPED" INTO A MODERN HOST'S PERFECT VENUE.
OPEN FLOOR PLAN PROPERTY When you picture the perfect Southern California home, you probably have visions of mid-century modern Palm Springs: single-story, sun-drenched, and an open floor plan for plenty of flow. In this North Tustin home, however, the outdated furnishings and fixtures were hiding the home’s best features, making it look darker and more cramped than it should have (see image at left). “The transformation of this home was very fulfilling,” said Melero, “because of the great, and unrealized, potential of the home itself.”
by Christy Edgar Featured investor: Rick Melero, principal at HIS Capital Group
Located less than 20 minutes from Disneyland and less than 30 minutes from beautiful SoCal beaches, North Tustin is a desirable Orange County enclave offering the California lifestyle dreams are made of. For Rick Melero, principal of HIS Capital Group, this residential project was tailor-made for its market. “The location of this home was in a highly sought-after area, with [plenty of] space separating it from neighbors and heavy traffic. The 3,167-square-foot home sits on a half-acre with plenty of room to entertain,” said Melero. “We were drawn to this project because of the profit potential and the area itself.”
THE NUMBERS BREAKDOWN
Purchase Price: $850,000 Rehab Costs: $145,000 Timeline: 6 months Sale Price: $1,220,000 Estimated Profit: $225,000
KITCHEN BEFORE
12 | think realty magazine :: july 2018
thinkrealty . com | 13
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