📍 Location: Pasadena, CA
🏘️ Property: 8-Unit Multifamily
📈 Result: 100% equity gain in 5 years
Intro:
This tired, underperforming property scared off most buyers. But we saw past the surface issues and built a plan that turned a money-loser into a high-performing asset.
The Challenge:
- Outdated units, poor credit tenants, mismanagement
- Seller losing money
- Low rents and deferred maintenance
The Plan:
- Convert closets into bathrooms (2 units became 2-bed/2-bath)
- Add parking and security upgrades
- Phase in tenant improvements and rent increases
- Break-even by year 3, refinance at year 5
Results:
- Equity doubled vs comps (100% vs ~50%)
- Stabilized asset in a prime submarket
Takeaway:
Vision, planning, and patience paid off — even with early losses.
📬 Want to find properties like this? Let’s connect →