In 2024, The FJO Group represented the seller in the disposition of 2165–2171 Earl Avenue, a well-maintained four-unit multifamily property located in the highly desirable South Wrigley submarket of Long Beach, California. Prior to listing, our team had served as property managers, where we strategically positioned the asset for an optimal exit by updating leases, increasing rental income, and successfully turning over half the units. These improvements enhanced both cash flow and market appeal, creating a strong foundation for a successful sale.

The property featured (3) spacious two-bedroom, one-bath units and (1) large three-bedroom, one-bath unit, along with a detached garage complex offering additional income and storage potential. With three remodeled units and one remaining value-add opportunity, the asset delivered a 6.9% in-place cap rate and a 7.2%+ pro forma return. Our approach resulted in a smooth transaction and maximized returns for ownership, showcasing The FJO Group’s expertise in value creation and strategic property positioning.