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

Improvements: 90,000

Investment: 1,035,000

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.