Property Type: 9 Unit Apartment Building

Location: 2015-2009 Pine Avenue, Long Beach, CA

Original Description: Had a hard time getting rid of undesirable tenants. The property was placed under effective new management, improved and sold.

Purchase Price: 690,000

Improvements: 90,000

Investment: 780,000

Investor Contribution: 200,000

Sale Price If Sold (Or Projected Sale Price): 1,125,000

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.