Magnolia Properties acquired 21802 Grace Ave, a five-unit multifamily property in Carson, California, on April 17, 2025. Following the acquisition, the existing tenants were relocated and the units underwent extensive renovations. The property was subsequently leased at market rents and refinanced through a significant cash-out refinance. The asset is now held as a stabilized rental property, with future plans to add additional units and further increase the site’s density and long-term value.