The following case study describes our process selling our recently closed property at 333 W. 79th Street, Los Angeles, CA 90003.

Deal Story

This deal came to us as a referral from an existing client. Our client’s friend works in the medical field and was looking to diversify his portfolio. Since it was his first foray into multifamily housing, he wanted to keep it small so that he can self-manage the property.

While we were sending him multiple deals, nothing seemed to spark his interest until we settled on a four (4) unit apartment in South Los Angeles. We submitted a competitive offer and opened escrow shortly thereafter. While in escrow, we became aware of a rental delinquency and consequently structured a rent holdback with escrow in exchange for a full contingency release.

The deal closed as expected in approximately 45-days and both buyer & seller were satisfied. If you or anyone friends are looking to sell multifamily buildings in the city of Los Angeles – please feel free to reach out!

Find out how we can help you sell you commercial real estate property. Call KingSide today.