86th & VERMONT AVE

*Previously Inhabited by squatters                          

* Abandoned for 5+ years prior to purchase                    

* Pipes and electrical had been stolen                                                        

Then

Now

*10 units, 8 Residential, 2 Commercial  

*6,216 SF Building, 1,400 SF lot                        

* Gated Parking For Tenants                                  

*Previously units were in very poor condition;        

several tenants hadn't paid rent in months

*Former landlord neglected necessary                  

repairs for many years

*Units had pending city violations with                

health department/code compliance

81st & FIGUEROA

Then

Now

*Average time to rent new units less than 7 days

 

*Housed 2 veterans, 2 victims of domestic violence.

CRENSHAW & HYDE PARK

*Previously poorly managed building                       

*30% of tenants were historically delinquent             

*Multiple break-ins

*Inhabited by squatters

Then

Now

*Had applicants for all units before units were complete

*Area continues to rapidly improve due ro proximity to new Crenshaw/LAX                                                                  

*Airport Metro Rail expansion, already under construction

E 108th STREET

*4 units were completely abandoned

*1 unit inhabited by squatters

Then

Now

NAVARRO'S MARKET

Then

*Business owner indicated she was shutting

down the market

*Business was held up a number of times   

*The electrical wiring was completely

exposed in several areas.

*Parts of the ceiling were rotting and falling down.

Now

*Owner has expanded to include fruits and vegetables and an instant morning business (a steaming pot of coffee/tea)   

                              

*Business Owner indicated her business is up 15%+ and she is able to increase her prices for the first time in over 5 years

SoLa Impact

8629 S. Vermont Avenue

Los Angeles, CA 90044

Tel. 323-306-4648  I  Fax: 323-306-4647  I  info@solaimpact.com

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