229 S Normandie Ave, Los Angeles 90004

20-unit, non rent control in prime Koreatown

  • Equity into Deal:        $911,340

  • Return Multiple: 5.8x

  • IRR:    34.6%

  • Purchase Price:                $2,925,000

  • 2015 Refi returned:    $  747,846

  • Sold, June 2019: $7,375,000


341 S. Gramercy Place, Los Angeles

12 Units in Koreatown/Larchmont Village

  • Equity Into Deal:                  $707,000

  • Return Multiple: 3.9x

  • IRR: 31.9%  

  • Purchase Price:                       $2,350,000

  • Refi 2015, returned               $979,233

  • Sold in 2019: $4,475,000       


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