About The Property

Stats

Price $3,600,000

Year Built 1965

City Los Feliz

Units 8

Price p/ Sq. ft. $484

Price P/ Unit $450,000

Lot Size 6,589 SF

Background

Located in the family-friendly and ultra-hip Los Feliz submarket, just 2 blocks West of Hillhurst Ave, this 8-unit stabilized property serves as an ideal ‘Grade A’ investment for years to come. Despite the long-term promise, the Seller was looking to diversify their portfolio and wanted to cash out.

Result

Escrow opened one month after signing the listing agreement. Despite multiple obstacles during the DD period, such as resolving unpermitted work, escrow closed 60 days later at $3,600,000. The Sellers were thrilled that KST was able to get the deal to the finish line.

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)