Address 700 N. San Vicente Blvd., Suite G460 West Hollywood, CA 90069
Contact +1 323 330-6150 contact@trion-properties.com

San Diego Portfolio

San Diego, CA

Two distinct opportunities to acquire under-performing assets with significant upside to rents and highly favorable bases. The properties were acquired at an average of $98,000 per unit where comparable deals were trading at $110,000 per unit. After effective management and renovation, the assets were brought up to stabilization, refinanced and sold in May 2015. The properties were each performing at above 97% occupancy at the time of disposition.

  • No. of Units: 43
  • Acquisition Price: $4,250,000
  • Renovation Costs: $450,000
  • Disposition Date: May 2015
  • Disposition Price: $7,340,000
  • Hold Period: 25-36 months
  • Levered IRR: 60.00%
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