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
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.