SA Dickens Apartments

15023 Dickens Street | Sherman Oaks, CA

13 Unit Apartment Building


Details

Date Purchased: May, 1996
Purchase Price: $1,000,000
Sale Price: $1,520,000
Sale Date: December, 2000
Holding Period: 55 Months
Initial Investment: $130,000
Investor Proceeds from Sale: $535,760.00
Internal Rate of Return: 70.20%

Completed Business Plan

  • Acquired well located property that was 40% vacant at time of purchase
  • Leased vacant units and brought existing tenant rents to market levels
  • Maintained property at 99% average occupancy during last 4 years of ownership
  • Provided cash flow to investors during holding period
  • Sold asset at a significant profit quadrupling the investors investment over 4.5 years

Persius Creative