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About
Crabby Cribs Class B CrowdFunding Offering
Two (2) Luxury California Homes For Short Term Renting
The Investment:
Crabby Cribs, LLS (the “Company” is raising funds in this Offering to invest into 2 Properties located in Los Angeles, California
$5,000,000 Max Offering
Regulation CF
Minimum Investment $10,000
Anticipated IRR: 4% to 15%
IRR is based upon current assumptions and actual returns may vary, including the potential loss of invested capital..
Acquisition Strategy:
1. Provide cash for distribution to the Members. An investment objective of the Company is to generate Distributable Cash from operations of the Company.
2. Provide the Members the opportunity to take part in the investment process with minimal involvement in management. An investment objective of the Company is to provide an opportunity for the Members to participate in the investment process, which an individual Member may not desire or be able to accomplish on their own. The Manager will additionally manage the Company so that the Members will have minimal involvement in the management of the Company.
3. Provide the Members with limited liability. An investment objective of the Company is to provide the Members with limited liability. The Company is structured so that the Members will have the limited liability afforded to them as designated by the DLLCA.
Property Description:
The Company intends to acquire, renovate, and operate two specific single-family residences located at 1234 Sunset Blvd. Los Angeles, CA 92129 and 985 Del Mar Heights, Del Mar, CA 92123. The properties are anticipated to be used as short term rentals with listings on AirBNB, VRBO, and similar short term rental listing platforms.
The property at 1234 Sunset Blvd. Los Angeles, CA 92129 is a 6,500 sq ft mansion in the heart of Hollywood. It is anticipated to be residential options for the Hollywood elite actors, producers, and executives. Alternatively, the residence can serve as an event center for parties, weddings, and corporate gatherings with it’s spacious backyard and living areas. It’s purchase price is $12,000,000.
The property at 985 Del Mar Heights, Solana Beach, CA 92123 is a 6,000 sq. ft. ocean adjacent mansion with nearly 180 degree views of the prestine ocean beaches that is a hotspot for tourists. It is anticipated that the renters will be similar to our Los Angeles (Hollywood) Property but also a greater focus on Silicon Valley and other corporate elite seeking an escape from the daily grind. We are similarly purchasing this home for $11,500,000.
Demographics
Overvall Report Card:
SOURCE: www.Niche.com
Map
Use of Proceeds
The following table illustrates the amount of proceeds to be received by the Company on the sale of Units and the intended uses of such proceeds.
- The Company must raise $100,000.00 (the “Minimum Offering Amount”) before breaking impounds and deploying investor funds.
- The Maximum Offering Amount is based on the sale of 10,000 Class A Units pursuant to this Offering. The Company does not anticipate that the Maximum Offering Amount will be required to execute its business plan. The Company may sell less than the Maximum Offering Amount or amend or supplement this Memorandum to sell more Units.
- The Manager and its Affiliates or designees may purchase an unlimited number of Class A Units outside of the Offering on the same terms as those offered to prospective investors. Sale of Units to the Manager, its Affiliates, or other investors is not an indication that such Units are suitable for any other investor.
- The Company does not expect to require the Maximum Offering Amount to purchase the properties or execute its business plan. However, the Company may choose to raise capital, in its discretion, up to the Maximum Offering Amount and set aside such funds as additional reserves.
The allocation of the use of proceeds among the categories of anticipated expenditures represents management’s best estimates based on the current status of the Company’s proposed operations, plans, investment objectives, capital requirements, and financial conditions.
Future events, including changes in economic or competitive conditions of the Company’s business plan or the completion of less than the total Offering, may cause the Company to modify the above-described allocation of proceeds. The Company’s use of proceeds may vary significantly in the event any of the Company’s assumptions prove inaccurate.
The Company reserves the right to change the allocation of net proceeds from the Offering as unanticipated events or opportunities arise.
View our
Offering Documents
Meet the Crabby Cribs Class B CrowdFunding Offering team
CFO
Carolyn Berkman
Carolyn is a visionary leader and CFO of a prominent multifamily investment firm, renowned for his strategic acumen and transformative approach to real estate. With a track record of driving growth and maximizing returns, he navigates complex markets with finesse, leveraging decades of experience to deliver exceptional results.
CEO
Andy Cho
Andy Cho is a visionary leader and CEO of a prominent multifamily investment firm, renowned for his strategic acumen and transformative approach to real estate. With a track record of driving growth and maximizing returns, he navigates complex markets with finesse, leveraging decades of experience to deliver exceptional results.
Partner
Samatha Jones
Samatha is a visionary leader and CEO of a prominent multifamily investment firm, renowned for his strategic acumen and transformative approach to real estate. With a track record of driving growth and maximizing returns, he navigates complex markets with finesse, leveraging decades of experience to deliver exceptional results.
Partner
Robert Keen
Robert is a visionary leader and CEO of a prominent multifamily investment firm, renowned for his strategic acumen and transformative approach to real estate. With a track record of driving growth and maximizing returns, he navigates complex markets with finesse, leveraging decades of experience to deliver exceptional results.
CFO
Carolyn Berkman
Carolyn is a visionary leader and CFO of a prominent multifamily investment firm, renowned for his strategic acumen and transformative approach to real estate. With a track record of driving growth and maximizing returns, he navigates complex markets with finesse, leveraging decades of experience to deliver exceptional results.
CEO
Andy Cho
Andy Cho is a visionary leader and CEO of a prominent multifamily investment firm, renowned for his strategic acumen and transformative approach to real estate. With a track record of driving growth and maximizing returns, he navigates complex markets with finesse, leveraging decades of experience to deliver exceptional results.
Partner
Samatha Jones
Samatha is a visionary leader and CEO of a prominent multifamily investment firm, renowned for his strategic acumen and transformative approach to real estate. With a track record of driving growth and maximizing returns, he navigates complex markets with finesse, leveraging decades of experience to deliver exceptional results.
Partner
Robert Keen
Robert is a visionary leader and CEO of a prominent multifamily investment firm, renowned for his strategic acumen and transformative approach to real estate. With a track record of driving growth and maximizing returns, he navigates complex markets with finesse, leveraging decades of experience to deliver exceptional results.
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