Details

  • Price: $4,680,000
  • Cap Rate: 4.40%
  • GRM: 12.84
  • Cost per SF: $315.77
  • Cost per unit: $234,000
  • Year Built: 1959
  • Square Footage: 14,821
  • Lot Size: 20,446 SF
  • Units: 20
  • Stories: 2
  • Parking: Carport
  • Transaction Type: Sold/Closed
  • Property Type: Multifamily
  • Zoning: GAR3
  • APN/Parcel ID: 6103-030-029

Just Closed: 20 Units | Gardena, CA

Just Closed: Green Tree Apartments | Gardena, CA

Invest In Results | Grow Your Legacy

lucrumre.com

 

Agents: Raymond A. Rodriguez | Mathew Freedman

Team: Lucrum Real Estate Group

 

Congratulations to our client, a revered Lucrum Legacy Partner for completing his 1031 Exchange by successfully closing on & acquiring this value-added 20-unit multifamily investment property in Gardena, CA.

The Seller, a fully accredited major university had recently received this asset through a charitable donation from the previous owner. The university’s board and asset manager required a fully non-contingent offer at market value and a fast close before the end of the year.

Our team and our client’s team worked diligently with the Seller’s asset manager & attorneys to quickly complete all due diligence up-front and submitted a non-contingent offer at the terms required for sale. With professional & friendly collaboration, clear communication, full transparency & the experience required for a transaction such as this, we are happy to share that we helped get this sale closed for all parties in a record 13 days.

Thank you to ALL who contributed to helping make this fast and smooth escrow closing possible!

We love helping our clients accomplish their goals and improve their lives. Contact us and be a part of our next real estate success story!!!

 

By: Lucrum
December 8, 2021

Similar Posts

Seller Carry: WeHo Multifamily Sale

Case Studies

Challenge Our client decided that he wanted to retire in Nevada, sell … Continue reading Seller Carry: WeHo Multifamily Sale

Read more

Private Disposition: Beverly Hills Multifamily Sale

Case Studies

Challenge The subject property, a unique 32 unit apartment complex built in … Continue reading Private Disposition: Beverly Hills Multifamily Sale

Read more

Rapid Offer & Legacy Partner: Palms Multifamily Sale

Case Studies

Challenge A former politician and owner of a 20 unit non-rent controlled … Continue reading Rapid Offer & Legacy Partner: Palms Multifamily Sale

Read more

Gain valuable insight

You need to be informed about changes in legislation, economic developments and current events to protect your interests and assets.

SUBSCRIBE NOW