Sherman Oaks, CA

  • PROJECTED RETURNS

    27.2% average annual return with a stabilized IRR target of 33.86%.

  • 32 UNITS

    Large amount of units in a concentrated and highly desirable area.

  • VALUE ADD

    Business plan involves the rehab of 12 units per year for first 3 years to bring rents up considerably to market rent. Rent premium increase of $682 or 43%.

  • AMENITIES

    Unbeatable location with proximity to shopping, dining, and schools. Multiple laundry rooms and Well maintained playground & pool.

KEY DEAL POINTS

  • 6%

    TARGETED PREFFERED RETURN

  • 2.33

    EQUITY MULTIPLE

  • 33.86%

    TARGETED IRR

  • 1%

    ACQUISITION FEE