Studio West and Studio East Apartments

4511 Ocean Beach Hwy, Longview WA

109

Units

Acquisition Date:

Winter 2021

Overview

Studio West 59 units in Longview, Washington and Studio East 50 units in Kelso, Washington are sister studio communities totaling 109 units, providing attainable housing in supply constrained rental markets. Designed for operational efficiency, both properties benefit from low maintenance profiles and consistent tenant demand. Since acquisition, a comprehensive interior and exterior value add program has been executed, with approximately 75 percent of units fully renovated and more than 1,000,000 invested in building wide improvements including exterior upgrades and new roofs. These efforts have increased rental income by approximately 405,000 annually, or roughly 310 per unit per month, resulting in a combined NOI of approximately 755,000 and improved tenant retention. Monthly cash flow distributions began in 2022 following stabilization. A strategic refinance secured long term fixed rate debt and generated approximately 1,000,000 in loan proceeds attributable to value creation. Studio West and Studio East now operate as stable, high performing workforce housing assets with durable cash flow

Location

© Copyright 2026. All Rights Reserved

The content provided on this website is for informational purposes only. While the information presented is believed to be accurate as of the date posted, no representation or warranty, express or implied, is made as to its accuracy, completeness, or reliability. All summaries, projections, opinions, and statements are provided for discussion purposes only and should not be relied upon as guarantees of future performance.

Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any securities or investment interests. Any investment involves significant risk, including the possible loss of principal. Past performance is not indicative of future results. Visitors to this website should conduct their own independent due diligence and consult with their own legal, tax, and financial advisors before making any investment decisions.

The authors and their affiliates expressly disclaim any and all liability for any direct, indirect, or consequential loss or damage arising from the use of, or reliance upon, any information contained on this website. All financial information, projections, assumptions, and estimates are subject to change without notice. Any references to potential returns or performance are illustrative only and do not constitute a guarantee of results.

By accessing or using this website, you acknowledge and agree that you are solely responsible for your own investment decisions and for independently verifying all information presented herein.

© Copyright 2026. All Rights Reserved

The content provided on this website is for informational purposes only. While the information presented is believed to be accurate as of the date posted, no representation or warranty, express or implied, is made as to its accuracy, completeness, or reliability. All summaries, projections, opinions, and statements are provided for discussion purposes only and should not be relied upon as guarantees of future performance.

Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any securities or investment interests. Any investment involves significant risk, including the possible loss of principal. Past performance is not indicative of future results. Visitors to this website should conduct their own independent due diligence and consult with their own legal, tax, and financial advisors before making any investment decisions.

The authors and their affiliates expressly disclaim any and all liability for any direct, indirect, or consequential loss or damage arising from the use of, or reliance upon, any information contained on this website. All financial information, projections, assumptions, and estimates are subject to change without notice. Any references to potential returns or performance are illustrative only and do not constitute a guarantee of results.

By accessing or using this website, you acknowledge and agree that you are solely responsible for your own investment decisions and for independently verifying all information presented herein.

© Copyright 2026. All Rights Reserved

The content provided on this website is for informational purposes only. While the information presented is believed to be accurate as of the date posted, no representation or warranty, express or implied, is made as to its accuracy, completeness, or reliability. All summaries, projections, opinions, and statements are provided for discussion purposes only and should not be relied upon as guarantees of future performance.

Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any securities or investment interests. Any investment involves significant risk, including the possible loss of principal. Past performance is not indicative of future results. Visitors to this website should conduct their own independent due diligence and consult with their own legal, tax, and financial advisors before making any investment decisions.

The authors and their affiliates expressly disclaim any and all liability for any direct, indirect, or consequential loss or damage arising from the use of, or reliance upon, any information contained on this website. All financial information, projections, assumptions, and estimates are subject to change without notice. Any references to potential returns or performance are illustrative only and do not constitute a guarantee of results.

By accessing or using this website, you acknowledge and agree that you are solely responsible for your own investment decisions and for independently verifying all information presented herein.