Lofty 6251 Cahuilla Ave

Lofty 6251 Cahuilla Ave

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Location
Twentynine Palms, CA
Projected Return
11.13%

Company Description

Stylish Vacation Rental in Twentynine Palms, California

Offering Details

  • Cole Rubin is transferring his property's deed to a new LLC and selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
  • Tokens represent direct ownership in the LLC that owns the property. Cole will maintain at least 10% ownership in the LLC indefinitely.
  • View proof of Cole's ownership prior to the title transfer here. View the LLC documents here

Property Details

  • Short-term Rental managed by the co-owner, Cole, a Superhost on Airbnb with 650+ reviews and a 4.78/5 rating.
  • Cole renovated this property over four months back in 2022, investing $82,377 into the transformation. A detailed breakdown of the renovation costs is available here.
  • Stylish desert retreat in Twentynine Palms, CA, sleeps six with three cozy bedrooms, near Joshua Tree Park.
  • Open-concept living space with vibrant lights, HD movie projector, and modern, cozy furnishings.
  • Fully equipped kitchen with appliances, spacious counters, and a dining table for six.
  • Three relaxing bedrooms: two king beds, one queen bed, premium linens, and a workspace in the primary room.
  • Two modern bathrooms with walk-in showers, essential toiletries, and spa-like vanities.
  • Outdoor oasis featuring a hot tub, fire pit, hammocks, and games like horseshoes under the desert sky.
  • Free parking, high-speed Wi-Fi, and a perfect setting for relaxation, stargazing, and family gatherings.

Airbnb

More About the Seller

  • Cole is the founder of HostAI, a Y Combinator-backed vacation rental software company managing 23,000 Airbnbs worldwide. Cole has been an Airbnb Superhost for over five years and brings five years of real estate experience across development, acquisitions, underwriting, and management in multiple asset classes.

Property Management and Insurance

Airbnb

Property Leverage

  • This property has a loan balance of $292,150 View the loan documents here.
  • As the seller, Cole Rubin pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Occupancy Status

  • Short-term rental on Airbnb
  • Cole is providing a rent credit of $238 for the first month
  • View Airbnb listing

Location Data

  • "B-" Rating for Zip Code on Niche

Due Diligence Documents

Amount Raised : $0
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