7 unit ground up apt in LA

[Victor Ong]

Investment Info:

Large multi-family (5+ units) other investment.

Purchase price: $580,000
Cash invested: $1,200,000

Ground up 7 unit apartment complex in LA

What made you interested in investing in this type of deal?

We been in the area since 2015 and very familiar with the market. The project’s number makes sense for development.

How did you find this deal and how did you negotiate it?

Wholesaler

How did you finance this deal?

Cash

How did you add value to the deal?

Ground up development

What was the outcome?

Still working on it