Property Type: 27 Unit Apartment Building
Location: 351 Tamarack Avenue, Carlsbad, CA
Original Description: With cosmetic improvements and effective management, we immediately got rid of undesirable tenants.
Purchase Price: 3,510,000
Investor Contribution: 1,400,000
Sale Price If Sold (Or Projected Sale Price): 5,630,000
Period: 4 years
Annual Return to Investors: 29%
Sold/In Holding Period: Sold
Plan/Notes Related To The “Investment”: Improve the building with new management for a better class of tenants and sell.