A mismanaged, partly fire-damaged property on MacArthur Boulevard, taken over in November 2025.
Took over operations and collections on day one, and lawfully removed 6 squatters.
Removed drug dealing and prostitution activity from the property, treated pest-infested units, upgraded the electrical, and added 2 laundry rooms and a community area.
New flooring, paint, fixtures and appliances throughout, renovated kitchens and bathrooms, and fire-damaged space rebuilt into rentable units.
Units re-leased to screened renters and housing-program partners, with an on-site manager.
57 units = 53 apartments plus 4 commercial spaces planned for conversion. Purchase price $2,650,000. Before figures at close, November 2025; today as of Oct 11, 2026; rent figures approximate. Figures are scheduled gross rent, not NOI or investor return. Operating costs, debt service and fees apply. Past performance is not indicative of future results.