229 S Normandie Ave, Los Angeles 90004

20-unit, non rent control in prime Koreatown

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  • Equity into Deal:        $911,340

  • Current $ in Property:       $313,495

  • IRR based on Current Value:   21.96%

  • Purchase Price:                $2,925,000

  • 2015 Refi returned:    $  747,846

  • Current Value:                 $8,050,500

  • Return Multiple:                    4.9x

Before

After


6313 Middleton St, Huntington Park

14-units, rent control *(purchased just prior to 2008 market crash)

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  • Purchase Price:                 $1,150,000

  • Sold For:                           $1,600,000

  • IRR:                                       18.5%

  • Equity Into Deal:              $297,567

  • Net Profit:                         $768,258

  • Return Multiple                      2.82x


341 S. Gramercy Place, Los Angeles

12 Units in Koreatown/Larchmont Village

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  • Purchase Price:                       $2,350,000

  • Refi 2015, returned               $979,233

  • IRR based on Current Value        20.17%       

  • Equity Into Deal:                   $715,000

  • Current Value                      $5,200,000

  • Return Multiple       3.56x  


115 & 127 N Catalina St. Los Angeles

10-units in Koreatown 


2960 James Wood Blvd, Los Angeles

After

Before