Venture on Marlette
Remodel in Uptown 7th St. Corridor
Overview
Venture on Marlette will bring this two-story, 12-unit apartment building into the 21st century with an updated color palette, colorful mural, modern touches, all working together to create a desirable urban community.
Neighborhood Ventures intends to renovate all 12 units over a period of 6 months. Renovations are to include upgrades to unit appliances, flooring, cabinetry, countertops, fixtures and common areas. Upon completion of the renovations, we intend to bring all rents in line with the market, stabilizing the Property, and then sell the Property by the end of Year 3.
Key Highlights
- Highly Desirable Location: Close to many new restaurants and activities as well as the 51 freeway
- Very large Residences: Nine 2 bed 2 bath units, and three 3 bedroom 2 bath units
- Development in the neighborhood includes luxury "Alta Marlette" building across the street
- Neighborhood rents 28% higher than current Marlette rents.
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Project FAQs
Can I invest with a Self Directed Roth IRA?If so how?
Can anyone invest or do you have to be an accredited investor?
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When you state that if in 3 years, the time isn't right to sell the property, that the investors
Upon liquidation/sale of the property. How is the profit split at that time?
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How is it determined whether a Preferred Equity Holder vs Common Equity Holder? Thank you
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