The following case study describes our process selling our recently closed property at 1050 S. Hobart Boulevard, Los Angeles, CA 90006.
Kingside Investment Group of Keller Williams Downtown Los Angeles is proud to announce the successful sale of this 12-unit multifamily property in Koreatown.
The sale of 1050 South Hobart Boulevard is part of a larger Koreatown portfolio that was originally listed in January. We put the property on the market in the first week of January and received a ton of interest.
The seller chose to go with an offer at the asking price and with a short contingency period and close of escrow. The buyer performed inspections of the vacant unit and released all contingencies shortly thereafter. A credit was negotiated and agreed upon by both parties and the property sold a couple weeks later with no hiccups along the way.
In the last 12 months, our team has sold over 125 apartment units in Koreatown. We have sold the most commercial real estate deals in Koreatown during this time frame.
Even though 2023 was a challenging year for owners, agents, and tenants, we have been able to navigate this changing market at full speed by creating value and being a resource. We are eternally grateful to our clients and colleagues for coming to us for their real estate goals and needs.
Not every owner will be looking to sell, buy, or refinance in the next 6-12 months, which is a great opportunity to see how the asset(s) is performing and what can be implemented in order to increase every owner’s net operating income.
If you have an interest in a free evaluation or have any questions about anything commercial real estate related, don’t hesitate to give us a call or send us an email. We would love to hear from you and work with you.
.png){kind=small}
700 S. Flower Street, Los Angeles, CA 90017
