Results for ‘Success’ category

How much is my apartment building worth?

The short answer is, if it’s in Los Angeles, its probably worth more now than it has ever been worth in the past. Why? Because everyone with cash and a brain is sick of getting 0.01% interest in his/her checking account and is therefore chasing yield by buying buildings, because even a so-so deal on

My surprising negotiating strategy

When I first broke off from my job in investment banking and went into business for myself, I negotiated like a jerk.  I was convinced that winning the early rounds of negotiations about setting things up was incredibly important, because doing so would set a precedent for how things would be in the future. I

Micheltorena is sold

A few days ago we closed the sale of 1516 Micheltorena, an 8 unit building in Silver Lake. Here are the relevant numbers: Bought for $954k in September 2010 Renovated for $645k Total capital outlay of $1.6MM Stabilized rent roll of $215k / year Took roughly $200k in cash out of the building while we

2241 Branden is sold

We’re recording today on the sale of 2241 Branden St., a 5 unit apartment building we renovated in Silver Lake. Here’s a pic:   Here are the numbers: Units are four 2/2s and one 3/3 Bought for $797k Renovated for $308k All in for a hair over $1.1MM Rent roll of $128k / year upon

4443 Willow Brook – Sold!

We just exited another deal: 4443 Willow Brook, a 12 unit building in rapidly gentrifying East Hollywood. Here’s an exterior pic: Here are the numbers: Acquired for $925k in July 2010 Renovated for $700k All in for $1,625,000 Rent roll of approximately $217,000 / year when we stabilized it Extracted approximately $200,000 in cashflow while

Page 5 of 8« First...34567...Last »