936 Cedar is a 14 unit building less than a mile from the heart of Downtown Long Beach. Due to a lack of capital, the prior owner kept the building in a state of disrepair. Under our ownership, we executed a value add plan by renovating all 14 unit interiors and bringing the rents in line with market rates. The exterior of the property was redesigned with a modern and eclectic aesthetic appealing to younger millennial renters in this area. The property provides approximately a 35% discount in rent compared to Downtown Long Beach new construction properties and its location combined with desirable unit interiors and affordability will allow the property to foster continued demand.