Villa Las Golondrinas

Prime 50-unit Value Add apartment, First time ever offered for salePrime location, Beautifully maintained, Excellent large units, Large LotNo local rent control (highest rent increase), Excellent rental & ADU upside

  • PROJECTED RETURNS

    14.9% average annual return with a stabilized IRR target of 20.44%.

  • 50 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.

KEY DEAL POINTS

  • 6%

    TARGETED PREFERRED RETURN

  • 5.65

    EQUITY MULITPLE

  • 20.4%

    TARGETED IRR

  • 1%

    ACQUISITION FEE