Case Studies

Investment Snapshot

Realized Sales:

The Gallery

Address: 414 2nd St, Hermosa Beach, CA 90254
Units: 169
Year Built: 1971
Purchase Price: $28,500,000 ($168,639/unit)
Acquisition Date: Apr - 2003
Sale Price: $64,600,000 ($382,249/unit)
Sale Date: Oct - 2006 IRR: 49.30%
MOIC: 4.00x
Total Profit: $26,700,439

Carmel Pointe

Address: 7826 Center Pkwy, Sacramento, CA 95823 Units: 332
Year Built: 1986
Purchase Price: $19,200,000 ($57,831/unit)
Acquisition Date: Dec - 2011
Sale Price: $35,000,000 ($105,422/unit)
Sale Date: Mar - 2018
IRR: 25.78%
MOIC: 4.06x
Total Profit: $17,504,118

Americana Independence

Address: 6530 Independence Ave, Canoga Park, CA 91303
Units: 205 Year Built: 1985
Purchase Price: $10,000,000 ($48,780/unit)
Acquisition Date: Dec - 1996
Sale Price: $52,000,000 ($253,659/unit)
Sale Date: Dec - 2018
IRR: 15.24%
MOIC: 16.83x
Total Profit: $40,029,40

Current Properties:

Overlook at Blue Ravine

Address: 1200 Creekside Dr, Folsom, CA 95630
Units: 512
Year Built: 1991
Purchase Price: $38,250,000 ($74,707/unit)
Acquisition Date: Jun- 09
MOIC: 3.40x
Total Profit: $33,580,000

Park Place

Address: 3701 Crowell Rd, Turlock, CA 95382
Units: 241
Year Built: 1973
Purchase Price: $15,425,000 ($64,004/unit)
Acquisition Date: Feb- 14
MOIC: 3.30x
Total Profit: $13,807,327

Americana at South Bay

Address: 20707 Anza Ave, Torrance, CA 90503
Units: 152
Year Built: 1963
Purchase Price: $28,000,000 ($184,211/unit)
Date: Oct- 09
MOIC: 2.16x
Total Profit: $8,329,023

Americana Warner Center

Address: 6701 De Soto Ave, Canoga Park, CA 91303
Units: 233
Year Built: 1976
Purchase Price: $9,000,000 ($38,627/unit)
Acquisition Date: Jun- 96
MOIC: 13.23x
Total Profit: $17,115,041

Enclave at Stonebrook

Address: 8083 Stonebrook Pky, Frisco, TX 75034
Units: 252 Y
ear Built: 1998
Purchase Price: $14,400,000 ($57,143/unit)
Acquisition Date: Mar - 00
MOIC: 10.16x
Total Profit: $14,270,826