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

Improvements: 48,000

Investment: 377,000

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.