Property Type: 9 Unit Apartment Building
Location: 224-226 Lang Street, Ventura, CA
Original Description: Had a hard time getting rid of the undesirable tenants, fixed up the building and sold it.
Purchase Price: 945,000
Investor Contribution: 400,000
Sale Price If Sold (Or Projected Sale Price): 1,470,000
Period: 3 years
Annual Return to Investors: 19%
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.