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Success Stories
Under the direction and leadership of Peter L. Edelmuth, the Broker of Pacific Investment Properties he and his team have helped guide their clients down the road to real estate success Here are just a few of those stories:
Success Story #1
Upon the sale of a 14-unit apartment complex in Oceanside, Mr. L.S exchanged his equity into two properties one of these properties was a 12-unit complex that he purchased for $595,000. Through additional financing, he acquired the property with a $95,000 down payment. Exactly twelve (12) months later he sold the property for $729,000. The annualized cash-on-cash return was 185%
Success Story #2
Peter L. Edelmuth recognized an app rtunity for his client in Chula Vista to purchase a small 5-unit complex, which had been partially finalized as a condominium conversion The property was purchased for $600,000 with $165,000 down payment. At a cost of only $9,000, and a time period of 6 months, the conversion was completed. The 5 units were sold individually at a total sales price of $945,000, representing 158% increase in value in 28 months. After all selling expenses and costs, our client realized 135% cash-on-cash return (58% per year)
Success Story #3
Mr. C.G., a client of Pacific investment Properties, purchased an apartment property in Vista under favorable financing terms. With only a 15% down payment, excellent property management on the part of Eden Property Services (the property management division of Pacific Investment Properties) plus aggressive marketing, the property was sold in less than three years at a 175% increase in value The net return to the investor (who then exchanged his equity for a larger property) was an incredible total of 418% representing 147% cash-on-cash return. Truly a success story!
Success Story #4
Mr. S. T. purchased a 36-unit apartment complex in North County for $1,875,000 knowing that the property was undervalued and recognizing actual market rents, the Buyer implemented a rent increase program. After only 1 year, Peter recommended placing the property on the market, which then sold for $2,475,000 (a profit of $600000) The Buyer had initially put down $375,000 (20%), which represented 160% cash-on-cash annual return.
Success Story #5
Mr. and Mrs. W. C. were advised to purchase 6 individual condominium units in Carlsbad. Each unit was purchased for $73,000 (a total of $438,000). Pacific Investment Properties recommended marketing all F nits and exchanging for a larger property. The investors were extremely pleased to sell their property or $875,000. Their initial down payment of 30% returned them an annual 112% return.
Success Story #6
Mr. and Mrs. K.H. acquired 24 Oceanside units through Pacific Investment Properties for $1,460,000 with very favorable financing. The property was held for 3 years and after professional marketing by pacific Investment Properties, was sold for $3,250,000 representing an increase in value of 223% (74% annually). Their return on the initial investment was equal to 143% per year they then went on to acquire 36 apartment units ($5,495,000) taking advantage of the IRC 1031 opportunity and deferring heir taxes. And all this from a $417,000 investment!
Success Story #7
A long time investor and client of Pacific Investment Properties acquired a property in the North Park area of San Diego. Eden Property Services (the property management division of Pacific Investment Properties had professionally managed the property for less than 2 years while increasing the rents when appropriate. At that time it was suggested by Peter to market the property. Within 10 days the property was in escrow at a price representing a 56% increase in value. The investor realized an annual ash on cash return on his original investment of 127%!
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