The following case study describes our process selling our recently closed property at 1411 S. Burlington Avenue, Los Angeles, CA 90006.

Deal Story

Kingside Investment Group of Keller Williams Downtown Los Angeles is thrilled to announce the successful sale of the 24-unit apartment building on 1411 South Burlington Avenue in the Pico Union neighborhood of Los Angeles.

The sale of 1411 South Burlington Avenue was part of a larger real estate portfolio that sold to a buyer that opened escrow completely non-contingent and closed escrow in less than two weeks. During the marketing process, we were able to tour nine separate buyers and generate seven offers by executing our marketing plan. The property sold to a local owner that owns a relatively large real estate portfolio with a buying appetite for value-add opportunities.

We have seen an uptick in interest on our end from owners in need of “Broker’s Opinion of Value.” While this may not translate to a direct sale, it is an opportunity for an owner to better understand how the building is operating and what can be tweaked in order to increase the net operating income.

With that being said, we would love the opportunity to demonstrate to you how we can be a resource for you. If you have an interest in a free evaluation or have any questions about anything commercial real estate related, don’t hesitate to give us a call or send us an email.

Find out how we can help you sell you commercial real estate property. Call KingSide today.