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

Improvements: 40,000

Investment: 765,000

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.