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What is sweat equity?

Have you heard the term “sweat equity”? According to Wikipedia Sweat equity is a party’s contribution to a project in the form of labor, as opposed to financial equity such as paying others to perform the task. Sweat equity has an application in business, for example, where the owners put in effort and toil to build the business, in real estate where owners can do D.I.Y. improvements and increase the value of the real estate.

Our new listing at 5336 Acacia St., in San Gabriel offers sweat equity potential.  Depending on your level of DIY, there is much to be done. For instance, you can start with the landscape and a fresh coat of paint. Additionally, there is much remodeling to be done….. kitchen…baths…. flooring.

5336 Acacia St. San Gabriel

Lots of potential is found at this 3 bedroom, two bath home. Check off all the items on your wish list: large back yard, master suite, garage.  Located on a quiet private driveway near transportation, markets and restaurants.  Note: the three units (5330 Acacia St.) across from this house will be sold as well for $950,000; the front unit is being evicted. Once this triplex is sold and spruced up, this setting will be transformed.  Don’t miss out on this great opportunity.

Click here for more information on this $599,000 listing

 

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