REAL ESTATE INVESTMENT STRATEGIES


While Los Angeles city government struggles to build housing for the homeless and cost estimates are as high as $500K per apartment in these projects, a Venice, CA couple, Heidi Roberts and John Betz, are proving that there may be another way to address the housing issue. By buying up dilapidated single family homes in South LA and replacing them with large duplexes they housed 98 homeless tenants last year. These duplexes can be built relatively quickly and at far less cost than the government projected costs…and the couple is even showing a modest profit from their first foray into homeless housing. With the success of their first efforts, they have now recruited investors to raise funds to build 480 more beds next year with the promise of a 5% annual return on their investment. Mayor Garcetti…take note!

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Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA 90069

keith.kaplan@sothebyshomes.com

310-646-7791

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