This blog is mainly about the rules and numbers underlying the Los Angeles apartment business. Regular readers know all about the whole process, from identifying deals, through renovating, leasing and management.
I’m not going to sugar-coat it: This business can be a real slog sometimes. (All businesses are; no one gives you money for free.)
But, every once in a while, you get a really nice moment. And today is one of those.
We’re officially in lease-up on 1947 Clinton St., the first property we renovated through Adaptive Realty Fund 1.
Here’s the Craigslist ad.
We just opened the building for leasing and we’re getting overwhelmed with calls. Seems like there are plenty of people interested in beautifully renovated three bed apartments in Echo Park. Who would have thought?
Anyway, take a look and let me know what you think.