Pico Union 90007

Investment Overview

Units:

Sqft:

Purchase Price:

Sale Price:

Hold Time:

5,531

$1,300,000

$2,650,000

31 Months

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Deal Story

Located close to USC, TGG purchased this 8-unit apartment building with a detached Single Family Residence that had not received the proper management and attention. It was fully renovated to modern standards with a new exterior finish and common areas. After several quarters of cash flow distributions, TGG obtained permits to build (2) 1-bed/1-bath ADUs and strategically exited the investment.