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Value-Add Apartment Investing in Rent Controlled Los Angeles Markets – “Overview of the Strategy”
For those people who are unfamiliar with value-add apartment investing in Los Angeles, the strategy is relatively simple: Buy a building with below market rents, bring the rents to “market”, renovate the units and common area, and address deferred maintenance needs. In this post, I’ll provide you with a simple example.
Value-add Apartment Acquisition in South Pasadena
Lee Multifamily Capital (LMC), on behalf of its investment partners, has made a value-add apartment acquisition in South Pasadena. This is a long-term investment strategy with a projected levered IRR of 10%.