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San Diego Portfolio

San Diego, California

Two distinct opportunities to acquire under-performing assets with significant upside to rents and highly favorable bases. The properties were acquired at an average of $98,000 per unit where comparable deals were trading at $110,000 per unit. After effective management and renovation, the assets were brought up to stabilization, refinanced and sold in May 2015. The properties were each performing at above 97% occupancy at the time of disposition.

  • No. of Units 43
  • Acquisition Price $4,250,000
  • Renovation Costs $450,000
  • Disposition Date May 2015
  • Disposition Price $7,340,000
  • Hold Period 25-36 months
  • San Diego Portfolio - Exterior 1
  • San Diego Portfolio - Interior 1
  • San Diego Portfolio - Interior 2