Property: 8-unit Apartment Building in El Centro, Imperial County, CA
Background: Abandoned apartment building heavily vandalized and used as squatter/drug location. Property was stripped of all value (i.e. wiring, A/C units, copper piping, appliances).
Resolution: Secured nearly $400,000 in outside receivership funding to create and implement a plan for complete rehabilitation of the apartment building. Due to history and condition of property, on-site security staff was necessary during the receivership. Property was sold in finished condition to an investor/landlord to provide for local housing.