Champion Glendale
Champion Glendale
Two-property traditional multifamily portfolio in Glendale, CA.
VALUE ADD | MULTIFAMILY
Champion Glendale
Project Profile
- Investment Type: Multifamily Value Add
- Units: 104 one, two- and three-bedroom units
- Purchase Price: $33,600,000
- Project Cost: $38,525,000
- Est. Equity Investment: $12,750,000
Status
Stabilized
Business Plan
Buy existing Class C residences; remodel exteriors and interiors into Class B+, rent at discount from Class A.
Investment Highlights
- Location: Core locations in Glendale, CA
- Purchase: Off-market at discount to market value
- Budget: Value-add improvements completed early and under budget.
- Performance: Refinance occurred four months ahead of forecast schedule at acquisition.
