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
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.