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

Gross profit of almost one million.

With an $850,000 capital improvement plan, Golden Bee Properties gutted and rehabbed this 16 unit property located in City of Inglewood.

In just 18 months, Golden Bee Properties repositioned, re-leased and sold this asset for a gross profit of nearly $1,000,000.

Investor level internal rate of return (IRR) was just over 32%.

Significant Exterior Renovations

85% increase in gross rent

Building Facts

Building

2 Story

Units

12 – 2 Bedroom | 2 Bath
2 – 3 Bedroom | 2 Bath
2 – 1 Bedroom | 1 Bath

Townhouse Style

Building SF

13,918

Parking

32 Spaces

Investment Details

Price

$3,500,000 – Purchase

$6,200,000 – Sale

Price per Unit

$218,750 – Purchase

$387,500 – Sale

GRM

12.5 – Purchase

13.7 – Sale

Cap Rate

5.2% – Purchase

5.1% – Sale

1

Gross Profit

18

Months Hold

32

Internal Rate of Return