After owning the property for a number of years and about to enter retirement, the Seller decided it was a good time to cash out. The property was previously listed with a big-box commercial brokerage for four months and generated zero offers.
Successful Marketing Generates Eight Offers in East Hollywood
1315 N. Kingsley Drive, East Hollywood
Price Paid: $1,310,000
About The Property
Year Built 1955
Current CAP 4.70%
Price P/ Unit $262,000
With KST’s network of savvy multifamily investors, Max was able to generate over 8 offers throughout the duration of the listing. Ultimately, the seller decided to accept an offer at 96% of the listed price. Meanwhile, the buyer is going to renovate the building over time to capture the significant financial 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.
“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.”