Property Type: 4 Unit Apartment Building
Location: 2316 S. Pacific Avenue, San Pedro, CA
Original Description: We rehabbed the building and improved 75% of the tenancy.
Purchase Price: 329,000
Investor Contribution: 140,000
Sale Price If Sold (Or Projected Sale Price): 595,000
Period: 3.5 years
Annual Return to Investors: 29%
Sold/In Holding Period: Sold
Plan/Notes Related To The “Investment”: Improve the building with new management, upgraded 75% of the tenants’ class and sell.