As multifamily real estate advisors, our clients often want to know how much their property could sell for in the current market. Some investors have an estimate of what they think their asset is worth; others aren’t so sure.
Whichever side of the spectrum you fall on, your focus should be on maximizing your returns and knowing where to move your equity next. That comes down to your approach and who you choose to work with.
At the Neema Group, our approach to investment sales is completely hands-on. More than just evaluating your property’s potential value, we provide end-to-end services that get you a great return and ensure you’re well set for your next chapter.
Keep reading to find out how you can sell your apartment building for the highest price possible while protecting and preserving your returns into your next chapter.
Want to know the true value of your Los Angeles apartment property? Get an evaluation.
What’s My Building Worth?
Like residential homes, commercial property values aren’t static or objective. No apartment building in Los Angeles has a concrete number assigned to it. Instead, your property is ultimately worth whatever the highest bidder is willing to pay.
The good news is that there’s a lot you can do to amplify that final number. On top of that, you can incorporate certain strategies that allow you to hold on to as much of your equity as possible after closing.
That’s exactly where our specialty lies.
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Building a Sale Around You
While anyone can give you a property evaluation, our approach goes deeper than your average advisor. And it starts by getting to know you.
Every owner has their personal reasons for selling. Maybe you’ve managed your building for 20 years and are ready for a simpler, more hands-off investment. Perhaps you’ve inherited an estate that includes a multifamily property.
Step one of our evaluation process is a conversation. Before diving into the specifics of your building, we want to know more about you, your reasons for selling, and any particular goals or needs you may have.
Understanding Your Asset
The next step in our valuation process is research. We’ll do a deep dive on your profit and loss statements and current rent roll. The goal is to normalize your NOI and show potential buyers where your property’s upside potential is.
From there, it’s all about the building itself. We’re walking the premises, measuring units, and getting an overall sense of the property. If there are opportunities to improve its appeal or functionality, we’ll let you know.
Beyond just your property, we’ll also analyze relevant markets and sub-markets. Factors like vacancy rates, average market rents, and regulations can all point to opportunities for improving your building’s position.
As part of this step, you get a custom-made broker’s opinion of value brochure complete with sales comps, market comps, and the rent survey.
How We Market Your Apartment Building
In LA, you can’t wait for potential buyers to come knocking. You need to build demand from the ground up. Marketing is a cornerstone of this.
The Neema Group’s 14-point marketing process makes your building look great while also maximizing its exposure to the right buyer audiences.
In addition to our in house suite of traditional and innovative marketing techniques, you benefit from Marcus & Millichap’s National Marketing Platform, connecting your apartment building to a vast network of qualified buyers, agents, and offices.
During this stage, we report on your apartment building’s market impact, highlighting key metrics like traffic, views, and more.
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A Seamless Transaction
As interest in your apartment building grows, we’re proactive in vetting potential investors. Once we’ve found your buyer, our team manages all aspects of the transaction, ensuring nothing falls through the cracks during closing.
Next Steps: Managing Your Wealth
When it comes to protecting your equity, interests, and legacy, selling your apartment building is only one part of the portfolio lifecycle. That’s why our guidance carries on even after the sale closes.
From converting wealth to 1031 exchanges and reinvestment in a low-management asset, we’ll help you understand options and make the right choices.
Sell Your LA Apartment Building
Looking to sell your apartment building in Greater Los Angeles? We’re here to help.
The Neema Group’s extensive market knowledge and 3-phase process can make the process easy and lucrative. Get in touch with our team today to discuss your goals.
Need multifamily real estate support?
Call (213) 797-2290 or email us at neema@marcusmillichap.com to reach our team of experts.
Empower Your Investment
Whether expanding or transitioning your real estate asset or portfolio, we have the proven strategies and market wisdom to help you succeed.
