Pacific Beach Multi-Family Property
Located in the Pacific Beach neighborhood of San Diego, this 8-unit multi-family property, built in 1972, spans 5,380 square feet. The property features a mix of 1-bedroom and 2-bedrooms. It offers shared patios, on-site laundry facilities, and garage parking. The location provides easy access to the beach, bay, and local amenities.
Before Arrow:
The property was self-managed and faced several issues:
- One vacant unit and one non-paying tenant.
- Units were renting below market value.
- Deferred maintenance and outdated leasing and tenant screening strategies.
- Lacked a capital improvement plan.
After Arrow:
We updated the leasing strategy, increased rents, and addressed maintenance issues to enhance both tenant satisfaction and the property’s value.
Improvements Made:
- Exterior paint and updates to decks, railings, and fencing.
- Stucco repairs and updated tenant screening practices.
- Increased rent and secured stable long-term leases.
Outcome:
By implementing strategic improvements and adjusting leasing strategies, occupancy increased, and rental income grew significantly. The property was successfully stabilized, with a 36% increase in rental income and a 13% increase in property value.
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after arrow
arrow advantage
case Results
Annual Rent
$117,600
$159,360
$41,760
36% increase in rental income
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Property Value
$1.8M
$2.5M
$700,000
13% increase in property value
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Maximizing Occupancy & Rental Revenue
For this project, Arrow took over the management of an 8-unit multi-family property in Pacific Beach, San Diego, addressing operational inefficiencies and rental income gaps. Prior to Arrow’s involvement, the property struggled with vacancies, under-market rents, and deferred maintenance issues. After implementing targeted leasing strategies and capital improvements, the property is now fully stabilized, generating 36% more in rental income while increasing in value by 13%.
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Problem We Solved
The property was self-managed and faced several financial and operational setbacks: - One unit was vacant, while another had a non-paying tenant. - Rental rates were below market value, limiting revenue potential. - Deferred maintenance affected curb appeal and tenant satisfaction. - Ineffective tenant screening and leasing processes led to inconsistent occupancy. - No capital improvement plan was in place to maintain long-term property value.
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Strategic Enhancements & Key Improvements
To enhance property performance, Arrow implemented the following upgrades and operational improvements: - Exterior paint, stucco repairs, and updates to decks, railings, and fencing to improve curb appeal and tenant experience. - New tenant screening practices and leasing strategy updates to reduce vacancy rates and attract high-quality tenants. - Increased rental rates while securing long-term leases to create financial stability.
03.
The Arrow Advantage: Measurable Results
By transitioning the property from short-term to long-term leasing and implementing value-boosting renovations, Arrow delivered exceptional results: -470% Increase in Annual Rental Income -From $8,000 to $45,000 per year in rental revenue -13% Increase in Property Value – Now valued at $1.36M, up from $1.2M The impact? This once-struggling property is now a high-performing, cash-flowing asset—proof that strategic investment + smart property management = exponential returns.
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