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18220-18226 Sherman Way, Reseda, CA

This property housed a charter school and an adult daycare facility. We secured the lease with the adult daycare facility while still in escrow to purchase property. We stabilized the income and then sold the property.

Transaction Details
 • Purchase Date: 7/15/03
 • Purchase Price: $2,300,000
 • Date Sold: 8/12/04
 • Selling Price: $2,725,000
 •Annualized Cash Flow: 13.5%
 •Annualized Return: 60.14%

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