3 Unit California Heights

[Rob Massopust]

Investment Info:

Small multi-family (2-4 units) other investment.

Beautiful 3 units in a hidden high end neighborhood of California Heights [Bixby Knolls /Long Beach]

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

Location and upside

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

MLS and 1031

How did you finance this deal?

1031 and conventional

How did you add value to the deal?

Comps were low for the immediate area - this is a large 3 unit in a nice residential area. So we had to extrapolate and look for the trending values in similar areas

What was the outcome?

Great property in process of fixing up. Looking to ad 1 or 2 ADU's

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Real Estate Broker and Investor