Results for ‘Rehabbing’ category

One unit left at our brand new complex on Ave 50 in Highland Park

Think we still have one unit left at the small building we just built on Ave 50, right near all the cool stuff in Highland Park. It’s a 3/2 with two parking spaces, laundry, AC, etc. for around $3000. Figueroa there is probably the most interesting retail corridor in the city right now… loads of

Competing with cowboys

We spend a lot of time looking at rental listings to ascertain market pricing for apartments of various types in different neighborhoods. Recently, we’ve seen a lot of renovated product come onto the market. Out of interest, I often check to see who owns the buildings and whether they’ve pulled the relevant permits for the renovations. Very, very

4424 Burns is done

Yet another renovation project. This one is walking distance to Virgil Village / Sunset Junction. The building is a mix of 3 bed / 2 bath and 1 bed / 1 bath units. The 3/2s, pictured below, are really impressive. I think they’re the best 3 beds we’ve ever done… great ceiling height, great windows, all the

What chutzpah!

Have been following a listing in Highland Park for a little while and wanted to share it with you all.* It’s a decent-size deal in a good area at a somewhat reasonable price. So, what’s the big deal? If you dig into the listing info, you will see that the building has an underground parking area, which is

363 S Leslie is fully leased

You may remember 363 S Leslie, a 4plex we recently completed in Highland Park. Here’s a pic to jog your memory: Am happy to report that leasing is done. Better yet: Our rents came in materially higher than we originally pro forma’d. So, instead of the 6.3% unlevered yield we expected out of the property, I

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