• Price: 1,917,000
  • Cap Rate: 3.43%
  • GRM: 20.43
  • Cost per SF: $422.06
  • Cost per unit: $479,250
  • Year Built: 1936
  • Square Footage: 4,542
  • Lot Size: 6,898 SF
  • Units: 4
  • No. Stories: 1
  • Parking: 4 Enclosed Garages
  • Transaction Type: Sold/Closed
  • Property Type: Multifamily/Residential
  • Zoning: LAR3
  • APN/Parcel ID: 5084-017-033

Just Closed: 4 Units | Los Angeles, CA

Just Closed: The Chateau | Los Angeles, CA

Fortune Favors The Bold | Grow Your Legacy

lucrumre.com

Agents: Raymond A. Rodriguez | Mathew Freedman

Team: Lucrum Real Estate Group

 

Highlights:

  • Exclusively listed, marketed & sold by Lucrum
  • Multiple offers generated
  • Sold at 95.85% of list price
  • 38% rental upside potential
  • Delivered 50% vacant at close
  • A third unit vacating in coming months
  • Represented Both Seller & Buyer – a Lucrum Legacy Partner

Congratulations to our valued clients on our latest closing of The Chateau, a magnificent French-Normandy fourplex located at 1106-08 S. Cochran Ave. We are blessed to have represented both the Seller and Buyer in this transaction.

The Sellers, now moving toward the retirement stage of life had interviewed multiple agents prior to meeting with us. They shared with us that they decided to exclusively list their property with Lucrum because they felt the most comfortable with us and believed we were the most qualified and experienced to represent them and their property.

We immediately got to work and designed a marketing campaign that focused on the rental upside potential the property offered, spacious units, and prime location.

We shared a custom website with interested parties that included marketing assets such as drone work, photography, virtual staging, video tour, 3D virtual tour and offering memorandum. Through this process we were able to attract the best buyers for the property with minimal disturbances to the Seller and tenants. This process helped generate multiple offers for our client’s consideration to guarantee them the best price and buyer for the property.

The Buyer is a Lucrum Legacy Partner whom we have represented on multiple transactions. He was able to offer the Seller the strongest price and remove ALL contingencies in 7 days!

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
May 20, 2022

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