Property Type: 8 Unit Apartment Building
Location: 3531 E. Wilton Street, Long Beach, CA
Original Description: The building was bought in probate and fixed. Cosmetic improvements and effective management were implemented, half of the tenants were evicted and the rent was raised.
Purchase Price: 725,000
Investor Contribution: 250,000
Sale Price If Sold (Or Projected Sale Price): 1,250,000
Period: 4 years
Annual Return to Investors: 29%
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.