The following case study describes our process selling our recently closed property at 4129 S. Centinela Avenue, Los Angeles, CA 90066.

Deal Story

We were approached to quarterback the search for development parcels with ED1 opportunities by a syndication fund. The fund had successfully purchased a parcel last year and due to the seamless closing of said parcel, the group came back to us for the next acquisition.

Our client immediately identified and opened escrow on an existing retail parcel with development potential in the quaint neighborhood of Mar Vista. The parcel is walking distance to the 1.6-acre project “Culver Public Market Hall” that is set to be completed in 2025. In addition, almost all the tenants are on month-to-month leases which will make it easier for our client to get the units to turnover and ultimately get started with the entitlement and development of the parcel.

During the due diligence period we hit a minor speed bump that involved the seller pouring cement on the day our buyer’s vendor was to complete the soils test. Fortunately, we were able to get this resolved in a timely manner. The only other minor setback we hit was needing to extend to the close of escrow an additional 30 days, which we were able to negotiate for our client without having to incur any sort of penalty.

That being said, we are seeing a shift in the value of land and apartments because of government imposed tariffs and regulations. If you feel that your property’s value is being compromised by legislation (past/present) – please reach out so we can show you a better way to preserve your money and sanity.

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