The following case study describes our process selling our recently closed property at 3736 W. 1st Street, Los Angeles, CA 90004.

Deal Story

Kingside Investment Group of Keller Williams Downtown Los Angeles is proud to announce the successful sale of this 16-unit multifamily property in Koreatown.

We listed the apartment at 3736 W. 1st Street within the first week of January and quickly gained a lot of interest. Some of that momentum was sparked by the potential to deliver two units vacant; as well as the Spanish architectural charm featured in the façade. Over twelve buyers and agents reached out to us which led to procuring and receiving multiple offers. The sellers decided to move forward and open escrow with an offer at the asking price.

Due to unforeseen circumstances, the buyer decided to cancel escrow in order to pursue another property that was less management intensive.  However, because we had received a ton of interest from back-up buyers, we toured multiple investors thereafter. As a result of this marketing tactic, we procured a fully non-contingent offer that would close in less than two weeks.

The eventual winning offer was all cash, with just a short 10-day closing period, which proved to be the two ingredients that elevated that offer to the top of the stack.  From the signing of the listing agreement to the sale of the property, it was a little over three weeks.

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. We would love to hear from you and work with you.

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