Investment Type
Multi-Family Residential
Year

2019

Exterior Renovations
  • Metal work & Gated entry
  • Modern Paint & Accents
  • Intercom & Camera system
  • Windows & Sliders
Interior Renovations
  • High-end Finishes
  • Stainless Steel Appliances
  • New Central AC w/ Nest Thermostats
  • New flooring & paint

Set new price per unit standard for Inglewood.

With a $400,000 capital improvement plan, Golden Bee Properties gutted and rehabbed this 7 unit property located in City of Inglewood.

In just 13 months, Golden Bee Properties repositioned, re-leased and sold this asset for a gross profit of nearly $600,000.

Investor level internal rate of return (IRR) was just over 35%.

Significant Exterior Renovations

85% increase in gross rent

Building Facts

Building

2 Story

located 1/4 mile from Downtown Inglewood

Built in 1987

Units

7 – 2 Bedroom | 1.5 Bath

Townhouse Style

Building SF

8,532

Parking

13 Covered Spaces

Investment Details

Price

$1,810,000 – Purchase

$2,895,000 – Sale

Price per Unit

$259,000 – Purchase

$414,000 – Sale

GRM

16.5 – Purchase

14.3 – Sale

Cap Rate

4.0% – Purchase

5.1% – Sale

600

Gross Profit

13

Months Hold

35

Internal Rate of Return