Property Type: 9 Unit Apartment Building
Location: 3060 Channel Way, Long Beach, CA
Original Description: Had a hard time getting rid of undesirable tenants. When we did, we improved the building and sold it.
Purchase Price: 690,000
Investor Contribution: 200,000
Sale Price If Sold (Or Projected Sale Price): 1,125,000
Period: 4 years
Annual Return to Investors: 21%
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.