About The Property

Stats

Price $2,910,000

Year Built 1986

Units 7

Current CAP 4.60%

Price P/ Unit $415,714

Background

The recently renovated condo-quality 7-unit property underwent a massive overhaul that included interior and exterior renovations (including all major building systems). After receiving a buyer referral from a Compass BH residential agent, who was looking for a stabilized high-performing income property, we knew we had the perfect fit. 

Result

Despite the competitive bidding environment, our Buyer was thrilled that we were able to secure the building. Escrow was opened in mid-September and closed 45 days later. With a 4.6% Current CAP, high-performing income and condo-quality renovations, 941 N. Normandie is a true gem for our Buyer compared to other properties in the neighborhood.

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)

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