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 callĀ (310) 643-5050 for more information.

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.
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.
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.
1449 Bellevue Avenue
Echo Park CA
This was an all-cash transaction for $184,000 plus $36,000 for renovation of the units in April 2002. In June of 2004, the building was appraised for $425,000, and a new cash-out loan of $265,000 was taken against the property.
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%.