Just Closed: 3 Building, 24 Units | Multifamily Portfolio | Wilmington, CA
Invest in Results
Team: Lucrum Real Estate Group
+ Exclusively listed & sold by Lucrum
+ Multiple offers generated
+ Sold at 92% of list price
+ ±67% rental upside potential
+ Represented Both Seller & Buyer – Lucrum Legacy Partners
Regardless of interest rates or market conditions, Lucrum continues to successfully help clients sell and buy investment real estate. We have our finger on the pulse of the market and accurately advise our clients on how to price and position their properties for sale to generate multiple offers and the highest possible value.
Congratulations to our valued clients on their latest acquisition of this 3-building, 24-unit multifamily investment portfolio located at 203 W Opp St., 1114 Eubank Ave., and 823 Lagoon Ave. in Wilmington, CA 90744. Lucrum represented both the Seller and Buyer in this transaction.
The Seller, a Lucrum Legacy Partner, whom we have represented on multiple transactions contacted us to value, list, and market the property for sale. His motivation to sell was to proceed with plans to 1031 exchange into another opportunity.
We developed a marketing campaign that highlighted the investment’s value-add and rental upside potential and shared a custom website with interested parties that included marketing assets such as drone work, photography, video tour, 3D virtual tour, and offering memorandum. Through this process, we were able to attract the best buyers for the property and generate multiple offers for our client’s consideration to guarantee him the best price and buyer for the property.
The Buyer’s motivation was to expand his multifamily investment portfolio and build additional passive income.
We thank ALL involved that helped contribute to a smooth closing!