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 landscaping and exterior paint. This directly brought the formerly lower than submarket average rents at the complex back up to market rents of its surrounding area. The property was sold after a year with XIRR of 27%.
Wilson Investment Associates, Individual Private Investors