Property Type: 5 Unit Apartment Building
Location: 2130 Willow Avenue, Oceanside, CA
Original Description: The owner was in trouble with the city so we took the building, brought it up to code; and distributing 8% cash on cash.
Purchase Price: 600,000
Investor Contribution: 300,000
Sale Price If Sold (Or Projected Sale Price): Expected $1,050,000
Period: 3 years
Annual Return to Investors: 45%
Sold/In Holding Period: Holding
Plan/Notes Related To The “Investment”: Improve, new management, better class of tenants and sell.