𝗝𝘂𝘀𝘁 𝗖𝗹𝗼𝘀𝗲𝗱: 𝗦𝗶𝗻𝗴𝗹𝗲-𝗧𝗲𝗻𝗮𝗻𝘁 𝗔𝗯𝘀𝗼𝗹𝘂𝘁𝗲 𝗡𝗡𝗡 | 𝗖𝗵𝗮𝗿𝗹𝗼𝘁𝘁𝗲, 𝗡𝗖 | 𝗧𝗮𝗸𝗲 𝟱 𝗖𝗮𝗿 𝗪𝗮𝘀𝗵

𝗬𝗼𝘂𝗿 𝗦𝘂𝗰𝗰𝗲𝘀𝘀, 𝗢𝘂𝗿 𝗖𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁

𝗕𝗿𝗼𝗸𝗲𝗿𝗮𝗴𝗲: Equity Union Real Estate

𝗧𝗲𝗮𝗺: Lucrum Real Estate Group

𝗔𝗴𝗲𝗻𝘁𝘀: Raymond A. Rodriguez

𝗖𝗹𝗶𝗲𝗻𝘁: Buyer: Family Office (Completed purchase as part of a 1031 exchange)

𝗖𝗼𝗻𝗴𝗿𝗮𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗼𝘂𝗿 𝗰𝗹𝗶𝗲𝗻𝘁 𝗼𝗻 𝗮 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝟭𝟬𝟯𝟭 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗮𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝟰𝟬𝟮𝟯 𝗖𝗼𝗹𝗶𝘀𝗲𝘂𝗺 𝗖𝗿𝗼𝘀𝘀𝗶𝗻𝗴 𝗗𝗿. 𝗶𝗻 𝗖𝗵𝗮𝗿𝗹𝗼𝘁𝘁𝗲, 𝗡𝗖—𝗮 𝘀𝗶𝗻𝗴𝗹𝗲-𝘁𝗲𝗻𝗮𝗻𝘁 𝗡𝗡𝗡 𝗧𝗮𝗸𝗲 𝟱 𝗖𝗮𝗿 𝗪𝗮𝘀𝗵!

Earlier this year, Ray & Lucrum represented this family office on the sale of their 38-unit multifamily property in Los Angeles. We were honored to guide them through the entire 1031 Exchange process—from down-leg to up-leg—securing a hassle-free NNN asset that aligned with their long-term goals.

The $4.8M acquisition offers:

• 6.35% cap rate
• Corporate-backed NNN lease with ~11 years remaining
• 10% rent bumps every 5 years
• Zero management responsibilities
• Bonus depreciation potential

Challenge

Our client, a family office investor, was ready to exit a rent-controlled, 38-unit multifamily property in Los Angeles. While the asset had been a solid performer, the combination of strict local regulations, rising operating costs, and the hands-on demands of property management made it clear it was time for a shift. The goal was to complete a 1031 Exchange into a stable, truly passive investment—one that could deliver predictable income, long-term upside, and less day-to-day involvement. Finding the right property, at the right return, within the strict 1031 timeline required precision, strategy, and a trusted guide.

Solution

Lucrum Real Estate Group stepped in to design and execute a clear, end-to-end exchange plan. We guided the client through the sale of their LA apartment building, identified a shortlist of qualified replacement properties, and negotiated favorable terms on a single-tenant, NNN-leased Take 5 Car Wash in Charlotte, NC. With a corporate-backed lease, strong cap rate, and zero landlord obligations, the property offered the reliable income and simplicity they were seeking. Our experience in both multifamily dispositions and net-lease acquisitions ensured a seamless transition—handling the complexities so the client could focus on the bigger picture.

Result

The client successfully traded out of an active management asset into a hands-off, income-producing property—achieving both portfolio diversification and long-term stability. The transaction closed on time, fulfilled the 1031 Exchange requirements, and positioned the investor for years of predictable cash flow with minimal oversight. Another win for our client, another example of Lucrum’s commitment to delivering clarity, excellence, and results.

This investment delivers exactly what today’s buyers are looking for: 𝘀𝗲𝗰𝘂𝗿𝗲, 𝗽𝗮𝘀𝘀𝗶𝘃𝗲 𝗶𝗻𝗰𝗼𝗺𝗲 𝘄𝗶𝘁𝗵 𝗯𝘂𝗶𝗹𝘁-𝗶𝗻 𝗴𝗿𝗼𝘄𝘁𝗵 𝗮𝗻𝗱 𝗽𝗲𝗮𝗰𝗲 𝗼𝗳 𝗺𝗶𝗻𝗱.

Another strong win for our client—and for Lucrum.

𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗶𝗻𝗴 𝗮 𝟭𝟬𝟯𝟭 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲? 𝗟𝗲𝘁’𝘀 𝘁𝗮𝗹𝗸.

Our team can help you identify your next upleg and ensure a smooth, tax-deferred transition.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝘆𝗼𝘂𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝘁𝗼𝗱𝗮𝘆.

𝗹𝘂𝗰𝗿𝘂𝗺𝗿𝗲.𝗰𝗼𝗺