3-Building Apartment Portfolio
In November of 2019 we executed a 1031 exchange with the sale proceeds from the repositioned 26-unit apartment building at 1030 Magnolia Avenue in Gardena, along with two other partners, into this off-market 112-unit 3-building portfolio, for $21,562,000, or approximately $192,000/unit. The portfolio consists of 50-units in Lawndale, 44-units in Hawthorne and 18-units in Oceanside. […]
2-Building Gardena Apartment Portfolio
We completed the off-market acquisition of two “pride of ownership” buildings in Gardena, located within ½ block of each other, in November 2019. They consist of a 16unit and a 10unit building, with each unit having either a private patio or balcony and a garage or covered off-street parking spot. The properties are located within […]
Raymond Avenue, Gardena
This 27-unit value-add two-story building is built around an interior courtyard with a pool. It was purchased in September of 2021 for $5,838,000. This acquisition was effectuated with a loan in the amount of $5,772,000, which included a mezzanine loan in the amount of $945,000 for the property’s repositioning, which equates to approximately $35,000/unit. […]
Harvard Blvd, Gardena
We purchased this off-market 15-unit pride of ownership building in Gardena in December 2021 for $3,950,000. This acquisition was effectuated with a loan in the amount of $3,860,000, which included a mezzanine loan in the amount of $512,000 for the property’s repositioning, which equates to approximately $34,000/unit. The Owner of this property had owned and […]
Glenway Drive, Inglewood
We recapitalized this 48-unit 62,000 square foot building in Inglewood in December 2021. This property is an ideal value-add opportunity for us and we will remodel units when normal tenant turnover occurs. There was over 50% upside on in-place rents at the time of recapitalization. The property has many amenities including a community pool and […]
Loma Avenue, North Hermosa Beach
For this ground up speculative luxury 2-unit detached townhome development, we partnered once again with Gary Lane of Lane Design Build. We acquired a 1923 built triplex on March 29, 2017 for $2,00,000. The lot size of 4,243 square feet allowed us to develop two detached townhomes totaling approximately 5,500 square feet. These modern coastal […]
Magnolia Ave, Gardena
In September of 2016 this 26-unit two-story garden style apartment complex was acquired in an off-market transaction for $4,800,000, with $3,463,000 of interest only debt financing at 3.3%. It is located on Magnolia Avenue, one-half block west of Vermont Avenue and two blocks south of Hustler Casino in Gardena. A thoughtful repositioning plan […]
17th Street, Manhattan Beach
For this ground up speculative single-family residential development, we partnered once again with Gary Lane of Lane Design Build. We acquired a 2,017 square foot 1960 built home on August 15, 2017 for $2,650,000. The lot size of 5,007 square feet allowed us to develop a two-story, over a finished basement, 5,043 square foot luxury […]
Compton Boulevard, Compton
This property consisting of a 4,425 square foot medical office building in the city of Compton on 16,000 square feet of land was purchased on May 25, 2017 for $350,000. Prior to the close of escrow, we negotiated and executed a new 10-year lease with a federally funded childcare provider, which has a net worth […]
Slauson Ave, Los Angeles
This value-add 1961 built 3-story medical office building consists of 14,207 rentable square feet and was acquired on September 22, 2017 for $3,000,000. When we entered escrow this 6-suite property had two vacancies and one lease expiring. During escrow we executed two new leases and extended a third. As a result of our leasing activity […]
Loma Dr, South Hermosa Beach
For this ground up speculative luxury 3-unit townhome development, we partnered once again with Gary Lane of Lane Design Build. We acquired two adjacent homes via separate off-market transactions on July 31, 2015, for $1,835,000, with a combined lot square footage of 5,532 square feet. The size of the combined lot allowed us to develop […]
Avenue D, Redondo Beach
For our next ground up speculative luxury home development, we have partnered again with Gary Lane of Lane Design Build. The lot that we are redeveloping is on the much sought after “Avenues” in South Redondo Beach. This property was acquired in an off-market transaction on May 6, 2015 for $990,000 and consisted of […]
Irena Avenue, South Redondo Beach
For this ground up speculative luxury home development, we have partnered with Gary Lane of Lane Design Build with 30 years of single family residential development experience primarily focused on the high-end South Bay beach communities of Manhattan Beach, Hermosa Beach & South Redondo Beach. The lot which we are redeveloping is approximately 7 blocks […]
Firestone Boulevard, Norwalk
This ground up development project is an approximately 15,000 square foot retail development on a major signalized intersection in the city of Norwalk. It was acquired in March 2014 and has close proximity to the I-605, I-105 and I-5 freeways. At the time of acquisition it consisted of a 4,387 square foot vacant Norm’s restaurant […]
15th Street, San Pedro
The Subject property was acquired at a probate sale in October 2012 as vacant land. The Property’s zoning was R-2 and it was designed, entitled and developed with two townhome style 4-bedroom, 2-bath rental units, containing approximately 1,550 square feet each. Just over one year after purchasing the land, construction was complete and the […]
12th Street, Manhattan Beach
This 10-unit property, which consists of two mirrored 5-unit buildings, was purchased in April of 2012. It is located in the coastal city of Manhattan Beach, which contains some of the most sought after demographics in the Greater Los Angeles Basin. These very appealing 2-bedroom, 1-bath units are located within walking distance of schools, […]
South Western Avenue, Los Angeles
The Subject property, located in the USC area of Los Angeles, was assembled from late 2006 through mid 2007, at which time it consisted of an auto repair shop, a strip retail center and vacant land. A 10-year triple net lease was negotiated with DaVita Inc., the dialysis division of DaVita HealthCare Partners Inc., […]
Grand Avenue, Huntington Park
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, […]
West 102nd Street, Los Angeles
This 3-unit property in Los Angeles was purchased in June 2011 via a short sale from Bank of America, at which time 2 of the units were uninhabitable. The property was renovated, stabilized and refinanced, returning 92% of investor equity in September 2012. The property was fully occupied and continued to provide its investors […]
Spinning Hills Plaza, Riverside, Ohio
This out of state shopping center was acquired in June of 2007 for $1,150,000 in the residential neighborhood of Riverside, Ohio. At that time $920,000 of debt financing was placed on this shopping center, which consists of 46,603 square feet of leasable space on over 7 acres of land. Anchored by a 31,303 square foot […]
