We’re excited to announce the successful closing of another transaction in Echo Park!
We competed with multiple local and national brokerages and were awarded the opportunity to exclusively list the building due to our extensive track record in Echo Park. From the outset, we implemented a strategic marketing plan designed to generate strong buyer interest from owner-users and investors. It worked and, in the end, we were able to procure multiple offers within days of going live.
After careful review and negotiation, our seller ultimately chose a standout offer from a buyer who intends to owner-occupy the property. From listing to closing escrow in under 60 days, this was a smooth, efficient, and rewarding process for all parties involved.
This is the second asset we sell/close escrow in less than a week. The reset has already happened. Higher interest rates brought prices down, shifted buyer expectations, and pushed sellers to adapt. Deals that relied on cheap debt no longer work and the focus has moved to fundamentals.
Call us to learn more about the sale and how we set ourselves apart from the rest!