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 a result of the upgrades, rents were increased drastically.

City
Newport Beach, California
Units
52
Renovation Budget
$400k ($7,692 / unit)
Debt Partner

Capital Source Bank

Equity Partner

Individual Private Investors