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.
8-Unit Sale in Los Feliz for $450K per Unit
2009 Preuss Road, Beverlywood
Price Paid: $4,170,000
About The Property
Year Built 1957
Price p/ Sq. ft. $468
Price P/ Unit $379,090
Lot Size 8,685 SF
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.
“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.”
“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.”