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
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.