Just Closed: Multifamily Development Opportunity | Los Angeles, CA
Invest in Results
Agents: Raymond A. Rodriguez | Matt Freedman
Team: Lucrum Real Estate Group
Highlights:
+ Exclusively listed & sold by Lucrum
+ Multiple offers generated
+ Sold at 93% of list price
+ Multifamily Opportunity Zone development site
Congratulations to our valued client on his latest acquisition of this multifamily development opportunity located in an opportunity zone of South Los Angeles.
We worked with the Seller to develop a marketing campaign that highlighted the land’s attractive development potential. Next, our team created, marketed and shared a custom website with interested parties that offered easy access and review of an offering memorandum that included everything needed for a developer to consider the vast potential of the site. Through this process, we were able to attract a committed Buyer with a passion for building affordable housing in the area.
The Buyer, a private developer and first time Lucrum Client, had familiarity with the area and is an experienced builder and owner/operator of other nearby multifamily properties.
Regardless of interest rates or market conditions, Lucrum continues to successfully help clients sell and buy commercial 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 sell for the highest possible value.
We thank ALL involved that helped contribute to this closing!
We love helping our clients accomplish their goals. Contact us and be a part of our next real estate success story.
