The Seller owned this well-maintained 6-unit property located South of the historic neighborhood of Pico-Robertson (just 1 mile South of Pico Blvd. and Robertson Blvd). Exhausted by property management headaches and having uncertainty around the Los Angeles multifamily market, the Seller was looking to trade into an alternative asset that would allow her to take a “hands-off” approach.
$392K PPU Sale in Pico-Robertson
1929 S. Corning Street, Pico-Robertson
Price Paid: $2,357,000
About The Property
Price p/ Sq. ft. $366
Price P/ Unit $392,000
Within two months of marketing the property as an off-market listing, Max generated an appealing offer from our network of savvy multifamily investors. The Seller accept an offer at $2.357M and escrow closed at the end of September. At $392,000 per unit and $366 per foot, the sale of 1929 S. Corning ranks relatively high when compared to similar properties in Pico-Robertson.
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.”