Property Type: 8 Unit Apartment Building

Location: 3301 E Wilton Street, Long Beach, CA

Original Description: Cosmetically improved, placed under effective new management and raised the rent.

Purchase Price: 700,000

Improvements: 32,000

Investment: 732,000

Investor Contribution: 210,000

Sale Price If Sold (Or Projected Sale Price): 965,000

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.