SA Victory Apartments

13850 Victory Boulevard | Van Nuys CA

35 Unit Apartment Building


Details

Date Purchased: July, 1997
Purchase Price: $1,010,000
Sale Price: $1,375,000
Sale Date: December, 1998
Holding Period: 17 Months
Initial Investment: $173,966
Investor Proceeds from Sale: $327,041.00
Internal Rate of Return: 45.39%

Completed Business Plan

  • Acquired a mostly vacant apartment complex in poor condition
  • Rehabilitated building (expand)
  • Leased vacant units
  • Sold at profit after stabilization providing our investors a 45% annual return

Persius Creative