About The Property

Stats

Price $1,650,000

Year Built 1965

Units 4

Current CAP 3.70%

Price P/ Unit $412,500

Background

The seller owned this well-maintained fourplex in a prime location of Toluca Lake, minutes from the North Hollywood Arts District, for over 50 years. After owning the building for all these years, the Sellers wanted to trade into a property closer to their new location.

Result

Max sourced a qualified buyer who submitted at full asking price before the property hit the MLS. The sellers were thrilled with the speed of the sale process, taking only 50 days from signing the listing to the close of escrow. They are trading into another property in Orange County, and the buyers are going to renovate the building over time to capture the significant upside.

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)

Next Success Story.

950 Havenhurst Drive, West Hollywood
Price Paid: $2,700,000
View Success Story