Redbridge Partners Property Investment San Francisco
371 TURK
PURCHASE         $3,625,000
SALE                    $5,335,000
ROI                       $38.1%

Red Bridge Partners V, LLC acquired this 26 unit Tenderloin building on December 20th, 2013 for $3,625,000. After 21 months of extensive work, we are happy to announce the building has sold for $5,335,000 - a 47% increase in value. Over the course of our hold, we completed a significant amount of work at the building, which included renovating all the common areas, preforming an electrical upgrade, installing a new roof, and remodeling 20% of the residential units. RBV had one equity partner for this building, with a 38.1% return on their invested capital.