600 O Street, Antioch
Marina Creek Apartments is a 53-unit apartment community located in Antioch California which was purchased in December 2014. The business plan was to upgrade the interior units, common areas as well as a major capital infusion to address the deferred maintenance needs of the property from prior ownership. These efforts allowed Redwood Property Investors to improve occupancy, rental rates, and financial performance.
531 Glendora Avenue, Stockton
Glendora is a 105-unit apartment community located in Stockton California that was acquired in March of 2017. The property suffered from poor management and a lack of maintenance to keep the asset in good shape. Upon taking over, RPI planned a significant renovation program to enhance the curb appeal and unit interior finishes while improving the overall management of the asset. Currently, Glendora is one of the best apartment communities in the neighborhood and is producing strong returns for our investors.