Just Closed: Palm View Terrace | Wilmington, CA
Invest in Results
Agents: Raymond A. Rodriguez | Scotty Weisstein
Team: Lucrum Real Estate Group
Highlights:
+ 21-Day all cash close
+ Represented the Seller
+ Closed at 94% of the list price
+ +/- 50% rental upside
+ Quality investment with a current cap rate of 5.65% and a projected
stabilized cap rate of 10.13%
+ Drawings completed for a 2+1 ADU unit
+ Attractive unit mix, catering to diverse tenant preferences
Congratulations to our valued clients on the successful closing of their apartment building located at 203 W Opp Street in Los Angeles! This latest sale serves as another testament to our commitment to excellence, accurate pricing, and strong working relationships with our clients that deliver results, regardless of higher interest rates. We are proud of the fact that the Sellers have trusted us to broker multiple transactions for them because they have come to expect swift, headache-free closings, and we’re pleased to report that this asset sold for 94% of the list price.
We executed a comprehensive marketing strategy that included circle prospecting, e-blasts, postcards, prominent placement on multiple listing and social media platforms, a dedicated property website that showcased this property’s potential, and a well-structured executive summary and offering memorandum that resonated with the right audience. This strategic approach resulted in the Buyer’s all-cash fast-closing offer, underscoring their confidence in this remarkable investment opportunity.
At Lucrum, we know that selling apartment buildings can be a headache-filled experience without the right guide. We believe every investor deserves professional guidance to ensure positive results, so we provide the experience, strategies, services, and platforms that help investors simplify selling while getting the most value for their properties!
We’re grateful to the clients who regularly trust us to get their properties sold because they value experience, service, and fast results.
We thank ALL involved who helped contribute to this closing and look forward to continuing to serve our clients with dedication and professionalism.
Contact us to simplify selling and become a part of our next success story. We love helping our clients accomplish their goals and would value the opportunity to earn your trust and business.
