Property Type: 25 Unit Apartment Building

Location: 1315 Devonshire Drive, Oxnard, CA

Original Description: Got rid of half of the undesirable tenants, improved the building with effective management and re-rented it.

Purchase Price: 2,500,000

Improvements: 105,000

Investment: 2,605,000

Investor Contribution: 1,200,000

Sale Price If Sold (Or Projected Sale Price): 3,885,000

Period: 4 years

Annual Return to Investors: 22%

Sold/In Holding Period: Sold

Plan/Notes Related To The “Investment”: Improve the building with the new management to upgrade class of tenants by 50% and sell.