Sitting on 1.56 acres the property is centrally located in the entertainment hub of California with access to major highways and convenient shopping. The property was modestly renovated with an exterior paint job and new landscaping several years prior to the acquisition. However, the appearance remained outdated, failing to attract the market rents that the [...]
Multifamily Investment Partners leveraged its relationship and acquired this 145-unit mid-rise property off market at a favorable price. Prior owners was forced to sell the building when the loan came due and owners were not willing to fund the loan pay down. Prior the acquisition, the property had recieved $4.3MM in renovation upgrading common areas, [...]
Located in an affluent neighborhood in Los Angeles County, 1001 Melrose was renovated and rebranded into a stylish new community. Prior to its acquisition, the property was formerly known as “Glenoaks Apartments” suffered from underperformance driven by high turnover and lack of cash flow. Multifamily Investment Partners executed a $650k ($10,317 per unit) to upgrade [...]
The Luxe is a 39 unit high-end apartment community located less than a mile away from the new Apple campus, which will house about 12,000 employees. Prior owner defaulted on the loan after a massive renovation for a condo conversion. Multifamily Investment Partners acquired this REO from a bank with court receiver mismanaged the property [...]
Formerly known as Courtland, the property was upgraded and rebranded as Atrium Court. The property is located in the center of the tech hub surrounded by Google, Facebook and many Fortune 500 companies. The property encompasses 36 units on .59 acres of desirable real estate in Mountain View. Prior owner mis-managed and under maintained the [...]
Woodside Place is a 26 unit complex located in near the border of affluent Mountain View and Los Altos. The property is situated in a neighborhood with numerous shopping centers and ease of access to major state and interstate freeways. Woodside Place was rapidly improved by various capital improvements including installing new community amenities, upgrading [...]
The Santa Barbara is a 52 unit garden style community located in Newport Beach, California, which is one of the wealthiest communities in California and the nation. Built in 1971, the property was under maintained and capital starved. Multifamily Investment Partners' business plan focused on creating better curb appeal and amenities for the property. As [...]
