The property successfully closed after generating 12 competitive offers, including multiple non-contingent proposals, allowing ownership to select the strongest buyer in both price and terms. The asset ultimately sold for $86,000 over the asking price following a structured best-and-final marketing process that maximized exposure to Los Angeles’ most active multifamily investors. The transaction closed 100% all cash with a 21-day escrow, eliminating financing and appraisal contingencies and ensuring a smooth closing. Despite the property being delivered with significant deferred maintenance and 6 of the 9 units vacant, requiring major improvements including roof work, electrical upgrades, and compliance items such as soft-story retrofit and SB 721 balcony inspections, the sale was successfully completed as part of a 49-unit portfolio transaction spanning Silver Lake, Montebello, Alhambra, and San Gabriel.

Transaction Highlights

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Investment Highlights

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