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Updated 5 months ago,
Multi family apt building
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $2,010,000
Cash invested: $600,000
purchase with tenants in place, many long term
What made you interested in investing in this type of deal?
attractive location with potential growth
How did you find this deal and how did you negotiate it?
listing agent prior business dealings
How did you finance this deal?
AXOS
Lessons learned? Challenges?
Bureaucratic nature of L.A. County, City and state of California has caused many headaches. Rent control has made increases difficult, long term tenants below market rent