If you are a real estate owner or developer with saleable property, we are interested in speaking with you. Please email info@cardinalinvestments.com or call (310) 643-5050 for more information.

1091-1101 N. Los Robles Avenue
Pasadena CA
Cardinal recognized an opportunity to increase the rental income from the building through investment in improvements consistent with the existing character of the building. The renovation included refinishing the hard wood floors under the carpet, replacing linoleum with tile, and giving each unit a custom paint job. Within 4 months of closing escrow on this 20-unit complex, Cardinal was able to increase scheduled annual rental income from $163,361 to $213,420. As a result, the partnership achieved a cash-out refinance in the first year of the investment.
127 Madison Ave
New York NY
Cardinal purchased a vacant commercial building in May 2005. The development plan called for adding 6 stories to the existing building and converting the space into loft condominiums.
1429 Hermosa Ave
Hermosa Beach CA
1508 Maltman Avenue
Silver Lake CA
This property fit all of Cardinal's acquisition criteria: its location in a transitional, up-and-coming neighborhood; and a reposition opportunity via improvements. Cardinal took the property down to the studs and rebuilt it with Spanish-style architecture.
17 Orchard
New York NY
212 East 70th Street
New York NY
We purchased a multifamily property in the most established and prestigious neighborhood in New York City. The plan is to convert the existing 16 residential units into 16 for-sale condominiums, and manage the 1 commercial unit.
223 N. Avenue 58
Highland Park CA
Cardinal was able to purchase this building located within walking distance of the planned Metro Gold Line public transportation station. At an initial cap rate of 8.9%, the initial cash-on-cash return was in the low teens, and the units were almost 50% below 2002 market rents. Through diligent management and significant capital improvements to the building, Cardinal has been able to raise rents by over 50%.
245 West 115th Street
New York NY
We purchased a multifamily property in the rapidly improving Morningside Heights neighborhood, just 3 blocks from Columbia University. The plan is to convert the existing 20 unit rental building into 20 for-sale condominiums.
5656 Fayette Street
Highland Park CA
Cardinal purchased this vacant building for $170,000 and invested approximately $66,000 in rehabilitation and carrying costs. After six months of construction, Cardinal leased all of the units and refinanced all original capital plus an additional $52,000. The property continues to create cash flow for the partners.
756 Van Ness Ave
Los Angeles CA
At purchase, this property was generating a limited amount of annual income due to two vacant units and rents significantly below market. Within one year, Cardinal brought 6 of the 10 units to market and made significant investments in building improvements. This reposition produced a 53% increase in the annual income of the property, and allowed the partnership to refinance out the original investment at an attractive long-term interest rate.
Mammoth CA
Nawi Islands Resort
Savusavu Fiji
We purchased 3 not entitled Fijian Islands in March 2005.   We have entitled a master planned community consisting of a 20 room Hotel, a Marina, and 59 (.25-1.5 acre) Home sites.
Savusavu Bay Estates
Savusavu Fiji
Cardinal has purchased and assembled 450 acres of beachfront, riverfront, and view land close to the town of Savusavu in the Fiji Islands. The development plan is to entitle the property to be subdivided in to approximately 200-250 1-acre lots for a unique residential estate community.