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
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.