CLOSING ANNOUNCEMENT: 4848 Lexington Ave, East Hollywood

03.05.2021
| Selling
CLOSING HIGHLIGHTS:

•  Assisted our client in preparing for the shifting market in California by providing a broker’s opinion of value with the most realistic pricing strategy to get the property sold in the current market.

  Launched our 14-point marketing plan during the height of the pandemic, with uncertainty and possibility of coming changes in local multifamily legislation and the presidential election.

  Safely conducted in-person tours for vacant units and helped the inspector and appraiser to get inside multiple units in an efficient manner to ensure the success of the transaction.

  Conducted approximately 15 property tours which resulted in 8 offers that we vetted with strategic questions to make a recommendation to choose a buyer that we deemed as was most certain to close with no retrades.

  Guided the seller and management company throughout the escrow process by providing clear information and communication to the buyer regarding collections and vacancies.

  Represented both the buyer and seller; closed escrow on time achieving $196,667 per unit.

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