TEN60 - Short Term Appreciation
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Results as of January 1, 2019 - Past performance and statements regarding earnings are no guarantee of future results.
Rapidly improving Long Beach sub-market of Los Angeles.
Non-Rent Controlled property built in 1985 with a desirable mix of all two-bedroom units with two floor plans.
Well-maintained professionally managed asset with absentee ownership. Newly renovated units in need of minor cosmetic updating.
All units on month-to-month tenancy with in-place rents 44% below market.
Ability to implement rapid rent increases and tenant relocation without fees or penalties.
Property construction is currently underway and scheduled for completion for August 2018 occupancy.