This 6-unit property was purchased in September 2012 from Opus Bank via a short sale, five days prior to going to a foreclosure auction in the Huntington Park area of Los Angeles. The property was renovated, stabilized and rents were raised resulting in an appraised value which was 21% greater than its purchase price, just 7 months prior. The property was sold in July 2016 for $1,145,000.00 and exchanged into a 26-unit two-story garden style pre-rehab value-add apartment complex.
