๐๐ผ๐ฟ๐๐๐ป๐ฒ ๐๐ฎ๐๐ผ๐ฟ๐ ๐ง๐ต๐ฒ ๐๐ผ๐น๐ฑ
๐๐๐๐ ๐๐น๐ผ๐๐ฒ๐ฑ: ๐ฐ๐ญ๐ฌ & ๐ฐ๐ฒ๐ฑ ๐ก. ๐๐๐ฟ๐๐ผ๐ป ๐๐๐ฒ. | ๐๐ผ๐ ๐๐ป๐ด๐ฒ๐น๐ฒ๐, ๐๐
๐๐ฟ๐ผ๐ธ๐ฒ๐ฟ๐ฎ๐ด๐ฒ: Equity Union
๐ง๐ฒ๐ฎ๐บ: Lucrum Real Estate Group
๐๐ด๐ฒ๐ป๐๐: Raymond A. Rodriguez |ย Mathew Gates Freedman
๐๐น๐ถ๐ฒ๐ป๐: Family Office
Congratulationsย to our client on the successful closing of another multifamily investment portfolio located at 401 & 465 N Curson Ave in Fairfax, Los Angeles. Ray Rodriguez & Mathew Gates Freedman of The Lucrum Group are grateful to have represented the Buyer in the acquisition of these assets.
Highlights:
+ Multifamily investment portfolio sale
+ Prime Fairfax, LA location
+ Comprised of 2 buildings & 20 units
+ Under same family ownership for nearly 50 years
+ Represented the Buyer, a family office
+ Non-contingent ALL cash sale & 23-day fast close
๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ:
The real estate in this sale consisted of two Spanish-style Colonial Revival apartmentย buildings located in prime Fairfax, Los Angeles that had been under the same ownership for nearly half a century. The properties suffered from significant deferred maintenance and challenging tenants and the rents were significantly below market. In addition, the Sellers, which were aย multi-generationalย partnership across three different families wanted to dissolve the partnership to complete separate exchanges and sell quickly with minimal to NO contingencies. We understood from the outset that having an experienced Buyer with a strong track record, combined with high-quality advisory services and seamless communication between brokers, principals, and attorneys involved, would be crucial for success
๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป:
We established excellent communication and a collaborative discussion regarding value with the listing agents whom we had previously established a relationship with 12 years prior. After discussing and supporting the facts regarding the details on the condition of the property, what it would cost to address immediate concerns, sales comparables and market trends, we arrived at a similar value range as to where we realistically thought the properties would trade for and advised accordingly. Our team then tapped into our database of local investors, making sure to be up-front about addressing the major issues the property presented as well as the terms the Seller was looking for as to not waste anyoneโs time. After filtering out the wrong buyers for the property, we focused on the most qualified investors and ultimately generated a non-contingent ALL cash, fast-close offer.
๐ฅ๐ฒ๐๐๐น๐๐:
The Sellers were pleased to be able to proceed with a fast and headache-free sale after previously struggling to sell the property to another buyer, who ultimately wasted time due to being overwhelmedย by the extent of work the buildings required and scared off by the low rents. The Buyer, our client, was looking to further centralizeย his management and portfolio, so he was excited to further expand his investments locally and this opportunity presented a challenge worth investing in. We are grateful to all involved for theirย trust and cooperation, especially the listingย agents who exemplified professionalism and worked incredibly hard to help us all bring this to the finish line and a successful closing together!
๐ง๐ถ๐ฟ๐ฒ๐ฑ ๐ผ๐ณ ๐จ๐ป๐ฑ๐ฒ๐ฟ๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ถ๐ป๐ด ๐๐ด๐ฒ๐ป๐๐?
Finding an agent that you can trust can be challenging. Even seasoned real estate investors struggle when working with substandard agents and without the help of experts they can rely on to close the sale.
๐๐ฒ๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ ๐ข๐๐ฟ ๐๐ ๐ฝ๐ฒ๐ฟ๐ถ๐ฒ๐ป๐ฐ๐ฒ & ๐ก๐ฒ๐ด๐ผ๐๐ถ๐ฎ๐๐ถ๐ผ๐ป ๐ฃ๐ฟ๐ผ๐ฐ๐ฒ๐๐ ๐๐ผ๐ฟ ๐ฎ ๐ช๐ถ๐ป ๐ถ๐ป ๐๐๐ฒ๐ฟ๐ ๐ฆ๐ฎ๐น๐ฒ
A lot is at stake and you deserve the best service provided by trusted leaders in the marketplace. Whether you need to sell or buy an investment property, Lucrum has you covered.
๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐ช๐ถ๐๐ต ๐ฎ๐ป ๐๐ ๐ฝ๐ฒ๐ฟ๐ถ๐ฒ๐ป๐ฐ๐ฒ๐ฑ ๐ง๐ฒ๐ฎ๐บ ๐๐ต๐ฎ๐ ๐ฉ๐ฎ๐น๐๐ฒ๐ ๐ง๐ฟ๐๐๐ ๐ฎ๐ป๐ฑ ๐๐ป๐๐ฒ๐ด๐ฟ๐ถ๐๐
Donโt settle for less. You deserve the best professionally designed marketing assets and custom plan proven to sell. Contact us today!
