Case Study: Multifamily
Sunset Cliffs Apartments
A 52-unit apartment complex in Vista, CA purchased in August 2021 in an off-market transaction.
The average in-place rent at the time of acquisition was $1,414. Within approximately two years, Dunbar successfully executed a comprehensive value-added program including extensive exterior / common area improvements and interior renovations to all 52 units. Additionally, Dunbar is in the process of building four accessory dwelling units (ADU’s) at the property to further enhance the value of the asset. At the time of stabilization, the in-place rents at averaged $2,275.
Unit Count
52
Business Plan
Value-add
Acquisition Details
$13,575,000
in August 2021
Disposition Details