Trident Fund VI
Own part of an iconic property, in the heart of Little Italy.
Deal Snapshot
CAP Rate Pro Forma
4.03%
Purchase Price
$7,500,000
Number of Units
Gross Revenue
$462,535
10 Modern Units
Net Operating Income
$302,376
Projected Cash-Flow Yr 1
$84,876
Projections are based on Year-1 performace expectations. Additional projections can be found below.
10 Units + Parking
Built in 2015 with 10 modern apartment lofts, Bella Vista is a beautiful building in the heart of San Diego’s famous Little Italy suburb. The unit mix consists of five 1 bed/ 1 bath units, and five 2 bed/ 2 bath units, with ocean views from the balconies. Each unit has a dedicated parking spot in the secured garage below, with ample storage space.
Due to the year Bella Vista was built, rent control cap AB 1482 does not apply to the subject property, allowing Trident to raise rents as needed.
Bella Vista
Invest with Confidence.
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Stability.
Real estate is less volatile than traditional investments, and has historically outperformed the S&P 500. Leverage allows you to buy more for less, and grow your investment through amortization & appreciation.
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Cash-Flow.
All Trident Investors receive direct payouts and disbursements through net Cash-flow of the assets acquired. See a growing return on your capital as the asset matures, and Cash-flow improves.
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Appreciation.
We focus on Class A & B multi-family assets in strong demographic and coastal areas of Southern California, that have historically seen significant appreciation, driving value to our Investors.
Excellent Location. Strong Demographics.
Pro-forma Detail & Financing Expectations.
“Those who become wealthy are those who buy assets.”
— Robert T Kiyosaki, Rich Dad, Poor Dad
Initial Investment Strategy
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Luckily, with construction ending in 2015, the property is not under rent control. Therefore, the initial goal of the property will be to bring rents to market as quickly as possible.
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There is minimal construction needed, but we would like to add gates/ doors to all entry areas, to add an extra layer of security for our tenants. We would also like to potentially replace the flooring as units turn, as the older laminate is nearing its end of use.
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As rates improve in the coming years, and the property appreciates, we will aim to do a cash-out refinance, providing tax-free capital for investors to roll into additional projects or take as a distribution.
FAQs
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Investors can see returns in multiple ways, including cash distributions based on prorated share of Cash-flow, tax benefits such as Depreciation, growth in value via Appreciation, and Amortization through debt service. Trident handles all accounting and distributions. Investors will receive quarterly reports and projected distributions annually.
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Trident’s intent is to hold assets for 10+ years, but we have sole discretion to extend the life or even decrease the life after you have invested. The reason for this is we want to maximize the value of the real estate investments. We do not want to be forced to sell investments when the market is bad, nor do we want to pass up the opportunity to sell investments when the market is great. We are long-term investors and the more time we stay invested in a property, the better chance we have of capturing property appreciation from inflation and rising rents.
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We don’t have a minimum investment, we just hope that any potential investors are looking to make a meaningful investment of $50K or more, but we can certainly consider less depending on individual circumstances or comfort level. Majority of Investors commit $50K-$200K.
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Yes - all current Investors and new investors will have access to future deals.
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Returns and K-1s are distributed annually, however it is possible as assets mature and stabilize, and cash-flow increases, that additional distributions could occur during the year.
