About The Property

Stats

Price $4,170,000

Year Built 1957

City Beverlywood

Units 11

Price p/ Sq. ft. $468

Price P/ Unit $379,090

Lot Size 8,685 SF

Background

After our client had closed his downleg in Jan. 2022, he expressed interest in trading into a turnkey property. We identified a property while it was off-market and knew we had the perfect fit. Located in the highly-desirable Beverlywood neighborhood, this stabilized property features a majority of extensively renovated units. 

Result

Despite being in the pre-market phase, we were able to secure the building. Escrow opened in Mar. 2022 and closed 30 days later at $4,170,000. Our buyer was thrilled with the acquisition in a high barrier-to-entry market. Beverlywood is one of LA’s top rental markets with historically low vacancy rates and excellent long-term appreciation.

Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.

- Seller (60 Units by The Grove)

“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”

- Seller (4 Units in Beverly Grove)

“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”

- Seller (Beachfront Generational Asset in Playa del Rey)