Total Project Cost
$669,250 (~$690K working)
Key Milestones
- Main unit rented — $2,950/mo
- ADU rented — ~$2,350/mo
- Combined gross rent: $5,300/mo (rent schedule confirmed Jul 13)
- Appraisal: $860,000 as-is
- DSCR Refi — terms confirmed via Key Real Estate Capital
- Loan Amount: $559,000 · LTV: 65% · Rate: 6.249%
- Origination: 1.5% · Processing: $495 · UW & Doc: $2,099
Fully stabilized — both units tenanted. DSCR refi terms locked. Closing in process.
SONO Equity LLC
Total Project Cost
$365,800
Key Milestones
- SCE power — ON ✅
- Appliances arriving — 6/29
- Driveway — Complete ✅
- Final permits — Paid ✅
Nearing completion — ready for listing or rental imminently.
SONO Equity LLC
Total Project Cost
TBD — Acquisition data pending
Key Milestones
- 3-Day Notice to Pay or Quit served — 6/24/2026
- June arrearage — Unresolved
- Eviction counsel (Silverstein) — On standby
Tenant Mike Ramirez delinquent. Eviction timeline pending rent resolution.
SONO Equity LLC
Total Project Cost
TBD — Cost data being compiled
Key Milestones
- Project status under review
- Cost data compilation in progress
- Timeline to be determined
Awaiting cost and construction status data from project team.
SONO Equity LLC
