Property Type: 27 Unit Apartment Building

Location: 1101 Gaviota Avenue, Long Beach, CA

Original Description: Upgraded the building, replaced half of the tenants and sold.

Purchase Price 3,000,000

Improvements: 135,000

Investment: 3,135,000

Investor Contribution: 200,000

Sale Price If Sold (Or Projected Sale Price): 4,500,000

Period: 4 years

Annual Return to Investors: 21%

Sold/In Holding Period: Sold

Plan/Notes Related To The “Investment”: Improve the building with the new management to upgrade class of tenants and sell.