NEWPORT BEACH AND COSTA MESA, CA – August 2018 – Leading real estate investment firm Schroeder Investment Partners, Inc has completed the property renovation of their newest acquisition Newport 18th Apartment Homes at 147 E. 18th Street, Costa Mesa.
Newport 18th was purchased from a family that was the original builders of the apartment complex and had kept it in immaculate condition since it had been built. The property is located in the new “up and coming” neighborhood of Eastside Costa Mesa, surrounded by top restaurants and entertainment venues all within walking distance of Newport 18th Apartment Homes.
“Even though the property was kept in pristine condition, it lacked the modern, contemporary edge that makes retro cool. We were entering the purchase of a property that had good bones but lacked the interior and exterior upgrades that make a property feel fresh to potential residents”, commented Tracy Schroeder.
Clerel Design was brought in to turn “old” in to “bold” and they succeeded at that quest. Replacing lighting with new retro LED fixtures, brightening paint colors, complete re-design of landscape, and creating a new “brand” identity has brought this apartment community to life!
As a result of the improvements in both design and onsite management, we have had a brisk response of potential residents that would like to rent at Newport 18th.
For additional information, please visit www.schroederinvestmentpartners.com.
Schroeder Investment Partners, Inc. is a leading real estate investment firm founded by Ernest Schroeder and his daughter Tracy Schroeder that focuses on commercial and residential property acquisitions. Through the formation of limited liability companies with private investors, Schroeder Investment Partners, Inc. structures real estate purchases in Orange and Los Angeles Counties. Headquartered in Newport Beach, Schroeder Investment Partners, Inc. focuses on acquiring under-performing properties that can benefit from its expert in-house management professionals. Collectively, Schroeder Investment Partners, Inc. and its affiliate Schroeder Management Company, Inc. acquire, invest, and manage a Southern California real estate portfolio valued over 500 million dollars.