Why we bought this
Bought at $485K, renovated, resold at $810K in about 18 months - and the buyer never toured it in person. An owner-agent case study, fully disclosed.
Two things had to work here: the renovation and the presentation. Oleg Sergiienko acquired this Hollywood home as a principal at approximately $485,000, renovated it, and resold it at a recorded $810,000 roughly a year and a half later - a gross price increase of $325,000, about 67%, before renovation, carrying, financing, and transaction costs, which are not deducted in that figure. The second half of the story is how it closed: the eventual buyer never toured the property in person. Professional photography, video, floor plans, and a structured remote process - inspections coordinated on the buyer's behalf, negotiations and documents executed remotely - made the finished product legible enough to buy from a screen. That does not mean showings are obsolete; it means a verifiable renovation plus complete digital presentation can carry a transaction when the buyer cannot be there. Oleg acted as both owner and licensed broker in this transaction, with that interest disclosed to all parties.
What made this one work
- ~$485,000 acquisition
- $810,000 recorded resale
- +$325,000 gross price increase (~67%) before all expenses
- ~1.5-year hold
- Buyer purchased without an in-person tour
- Owner-agent transaction, disclosed
What you're buying
Inside the property
The math behind the deal
See the cap rate, rent roll, comps & exits
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What the numbers mean
The $325,000 is gross spread, not profit - renovation, carrying, financing, and selling costs all come out of it. The number worth copying is not the spread; it is the process that let a remote buyer trust a renovation they never walked.
From the agent
Oleg Sergiienko was the principal and the licensed broker of record on this transaction, disclosed to all parties; he executed the renovation, the digital presentation, and the remote closing process.
The bottom line
The renovation created the value. The presentation made that value understandable to a buyer who never set foot inside.
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Common questions
What was the gross result at 1519 Washington St?+
Approximately $325,000 in gross price increase (~67%) between the ~$485,000 purchase and the recorded $810,000 resale, before renovation, carrying, financing, and transaction costs. It is not net profit.
Did the buyer really never see the home?+
The eventual buyer did not tour in person; the sale closed on the strength of photography, video, floor plans, coordinated inspections, and remote execution.
Was the agent also the owner?+
Yes. Oleg Sergiienko held a personal ownership interest and acted as both principal and licensed broker, with the interest disclosed to all parties as required.