Case Study: Multifamily
Birch Terrace Apartments
A 36-unit apartment complex in Brea, CA purchased in February 2021 in an off-market transaction.
Within approximately two years, Dunbar successfully executed a comprehensive value-added program including extensive exterior / common area improvements and interior renovations to all 36 units. At the time of sale, the asset was stabilized and achieving in-place rents at an average of $2,125. Dunbar sold the asset in May 2023 for $13,605,000.
Unit Count
36
Business Plan
Value-add
Acquisition
$7,580,000
February 2021
Disposition