Located on the signalized corner of Manchester Blvd and 5th Ave, this unique architectural building is a rarity. Well positioned in the heart of Inglewood, just 1.9 miles from the new SoFi Stadium, home of the Los Angeles Rams and Chargers as well as the host of Super Bowl LVI. The 14,930 SF building sits on a 15,141 SF lot that was first constructed in 1940.
We represented the Seller in this transaction. After an extensive marketing campaign we went under contact and closed with the existing Tenant, Full Harvest International Church. Our clients were pleased that we were able to close this deal during COVID with delays and unexpected issues arising throughout the escrow.
9-Unit Apartment Building
This 9 unit multifamily property is located in the historic West Adams neighborhood near the University of California campus. Originally constructed in 1938, the property features all one-bedroom / one-bathroom garden style apartments within 4,200 rentable square feet. Tenants have on-site parking in the back and there is a public lot directly neighboring the property for overflow. There was approximately 70% upside in rents and 1 vacancy at the close. The property is well located within the USC Department of Safety Patrol Zone, is in walking distance to Ralphs grocery, approximately 1 mile from Staples Center, and has easy access to both the 10 and 110 freeways.
We represented the Seller and Buyer in this transaction generating 9 offers on the property. We adeptly navigated inspections and the loan process in the midst of COVID for a successful closing.
Family Dollar Store
This newly constructed Family Dollar is located in South Los Angeles with approximately 275 feet of frontage along Vermont Ave. The property is well positioned traversing corner to corner from West 95th St to West Colden Ave, a signalized corner, with points of ingress and egress on Vermont Ave and West Colden Ave. This Family Dollar store is over 50% larger than the typical store, and is one of the largest in Southern California, making it a superior asset in its category. The building is close to schools, churches, and restaurants, and offers great accessibility, being both positioned close to the 110, and 105 Freeways as well as close proximity to LAX, the Los Angeles Coliseum, Banc of California Stadium, and downtown LA.
We represented the Seller and Buyer in this transaction generating 5 offers on the property. The property was sold to an out of state Buyer who was traveling internationally during the entire escrow process. We adeptly navigated the time difference with the Buyer’s attorney on the east coast and the Buyer in South Korea. Like many out of state Buyers, this property was purchased sight unseen and the Buyer relied heavily on our team to manage the inspections and negotiate with the existing tenants including Family Dollar and Crown Castle, the roof top telecom lessee. The Seller was a small syndicated group and we were charged with working intimately with all parties towards a successful close.
Pair of Duplexes
Two well-maintained, side-by-side duplexes located in the established Melrose District submarket, sold together to an investor interested in the development of luxury homes. Each property featured (2) one-bedroom /one-bath units, within 1,872 gross sqft on a 0.15-acre lot.
The original listing was for only one of the duplexes, but we were able to bring a Buyer that made an offer on both together, and successfully negotiated this new deal.
We represented both the Seller and Buyer in this transaction after generating multiple offers on the property. We worked through several inherent challenges, including existing tenants with deferred rent, but we were able to close the deal quickly to the satisfaction of both the Buyer and the Seller.
18 Unit Apartment Building
Built in 1955, this fantastic family-owned 18-Unit apartment building is located in the Baldwin Village neighborhood, which is experiencing accelerated growth. This two story building is located at the end of a cul-de-sac and has 11,804 sf of rentable space on a 11,804 sf lot.
We represented both the Seller and Buyer in this transaction after generating multiple offers on the property. We were able to navigate many challenges successfully, including a difficult loan assumption by the Buyer, during which time, the lender was undergoing a merger. Ultimately, we were able to achieve for the Sellers, the price that they wanted for this property which had a lower-than-average CAP rate, a higher-than-average GRM, and an above-average price per square foot in this zip code.
Additionally, we guided the Sellers through a successful 1031 exchange after finding a DST that met their investment needs.
Land for Development
This Listing, located in Carlsbad, CA, was a 11,158 sqft lot, zoned R-2 minor multiple, and a great development opportunity for a condo, single family home or duplex.
Despite the Covid-19 restrictions, and some challenging building department permitting issues for the land, we were able to generate multiple offers and created a competitive bidding environment in a very short amount of time. By utilizing our creative solutions strategies and leveraging our valuable relationships, we were able to help our Seller net a purchase price that was both above asking price, and had a short close of Escrow.