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For Immediate Release

BERNAL CAPITAL GROUP PURCHASES 26 UNIT APARTMENT BUILDING

Irvine, CA. September 24, 2015- Bernal Capital Group a privately held Irvine based real estate
investment and development firm, together with its capital partners today announced that it has
purchased a 26-unit garden apartment building at 1757 N. Kingsley Drive, Los Angeles, CA 90027 in
the Los Feliz section of the city of Los Angeles for $5,000,000.
This courtyard-style building is subject to rent control and the unit mix includes one 2 bedroom-1 bath
unit, nineteen 1 bedroom-1 bath units and six studios with full kitchens. Built in 1968 with 18,096
square foot lot area, average living space is approximately 500 square feet and includes courtyard
pool, tuck under parking for 26 units, air conditioning, on-site laundry, gated secured parking and
entry. Occupancy was 95% at purchase. It is located within walking distance of the
Hollywood/Western Metro station and Los Feliz Village in a rapidly developing area with many
gentrification projects taking place.
Albert Bernal, Founder and Managing Partner of Bernal Capital Group, said, This acquisition is a
great addition to our portfolio, and we expect it to be a solid investment for our investors.
Furthermore, it is consistent with our strategy to expand our footprint into high-growth, liquid and
institutionally desirable markets that have compelling economic and apartment growth fundamentals.
Los Angeles is one of the strongest apartment markets in the country, and the purchase of 1757 N.
Kingsley Drive, Los Angeles provides us with an excellent opportunity to continue our strategic
expansion in the greater Los Angeles area. We look forward to bringing our record of operational
excellence and integrated approach to this project.
Bernal Capital Group is a private real estate investment firm focused on developing and managing
real estate products that build real value for investors. It currently has five buildings with 113 units in
its portfolio. BCGs approach is focused on distressed and under performing residential and
commercial properties in select Southern California markets. Together with our capital partners we
look to acquire a variety of value-add and income producing properties in transit-oriented, infill
markets. BCG aims to maximize investor profits while spurring economic development in the
communities in which they invest.
Contact: Manuel Bernal, Bernal Capital Group (949-690-2418) mbernal@bernalcapitalgroup.com
SOURCE Bernal Capital Group