Oceanside
Garrison Townhomes
445 Garrison St.,
Oceanside, CA
- City: Oceanside
- Property Size: 46 Units
- Purchased: October 2015
- Purchase Price: $8,100,000
- Capital Improvement Budget: $1,100,000
- Cash Flow Distribution Began: February 2016
Before
After
Background
Garrison is a 46-unit apartment building in Oceanside, California. Eric Kramer purchased it with a group of investors in October 2015. Chase Bank provided the acquisition funding. Structure PMG was hired to provide property management services.
Services & Improvements
We recently finished the complete repositioning of Garrison West Townhomes.
This work included the addition of a new leasing office, new fitness center, new windows, new doors, signage package, painting all buildings, adding architectural features to all buildings and many other capital improvements. We are very pleased with the results.
Results
The targeted capital investments in Garrison have allowed us to add significant additional value to this investment. We continue to improve operations with the goal of maximizing the income Garrison produces.