About The Property

Stats

Price $5,750,000

Year Built 1953

City West Hollywood

Sq. ft. 18,108

Units 16

Lot Size 16,741

Background

Built in 1953, this well-maintained, two-story building with beautiful center courtyard, sits in a vibrant neighborhood lined with other multifamily buildings and condominiums, and is considered a prime location in one of LA’s hottest entertainment districts. 1265 N Sweetzer is comfortable living for any tenant and offers investors the unique opportunity to own a large property in an incredible location with significant rental upside potential.

Challenge

Having just entered into escrow for a property located in Texas, the Sellers saw the perfect opportunity to trade a difficult to manage 31-unit asset into something easier to manage with higher cash flow.

Result

This off-market property listed by a residential agent in our office was the first deal we closed with a Compass agent since moving over to Compass.

There were about 6 offers on the property despite not being publicly listed on the MLS or Loopnet.  Our team’s relationship with the listing agent enables us to secure the deal for out client.  We were able to make the best offer–all cash and a 7 day closing after the contingency removal.

Both the Seller and the Buyer were ecstatic over the price, and saw tons of potential value to add in addition to loving the neighborhood.

“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)

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)

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