Project Description

Marwood assembled a portfolio of homes located very near to Apple’s headquarters. The homes, all on Lomita Avenue, were acquired at attractive prices, which allowed for renovations and updating to quickly increase value. The business plan entails selling the houses individually to homebuyers in one of the nation’s most in-demand, desirable areas after meaningful remodeling. Alternatively, as area rents continue to increase, the portfolio is well positioned for a long-term hold.

Type: Residential (single family homes)

Start Date: 2014