2501 West 182nd Street | Torrance, CA | 90504

Overview

TR Wealth purchased this property through a syndicated investment partnership, and subsequently took over property management. The in-place rents were extremely low, and the pro forma assumed that we’d be able to move rents by 50%. However, both rent control and the COVID-19 pandemic came into play within one year of the purchase.

Results

TR Wealth maintained 100% occupancy and rent collections throughout this challenging period, while working with the tenants to eventually achieve a 77% increase in rents. TR Wealth has managed a roof replacement, major plumbing projects and renovations of the units.