The Property

Manhattan Apartments, a 43 unit multifamily community, is located in the heart of Koreatown; a strategic location possessing compelling fundamentals, abundant entertainment and dining amenities. This listing represented an opportunity to acquire a beautiful “Old World” property in a rapidly developing neighborhood, while still providing substantial value-add potential through continued renovations.

 

Stats

Price $8,150,000

Year Built 1928

City West Hollywood

Sq. ft. 30,164

Units 43

Lot Size 9,195

The Solution:

Although the property was priced aggressively, we used a multi-pronged marketing campaign to identify interested buyers. The successful campaign led to multiple offers and a competitive bidding environment.

The Result

The seller received 98% of his asking price and is trading into a NNN supermarket with no landlord responsibility. The NNN asset will provide him with greater stability as well as a 30% increase in cash flow!

Kenny allowed me to move on with selling my property as quickly as possible. During a time of regulatory change, his real estate knowledge was able to time the markets perfectly to get me the best return on my investment.  I look forward to continuing my future business projects with him!

- Rick Sam

I wanted to reach out and thank you for donating a share of your Ridgewood commission to A Place Called Home. When Selwyn told me that he had asked, and you agreed I was overwhelmed. A Place Called Home ( APCH) is a cause dear to my heart. I have sat on the board for the last five years and this June I will become the Chairwoman. Thank you for your great service,  and  I look forward to many more deals down the road.

- Barbara Glazer

I chose to hire Kenny over the other agents because of his dedication and persistence over the years, as well as his keeping me abreast of current market trends.  I was extremely happy with the price he got us, and over all I would say his team performed brilliantly.

- 431 Marine St. (Seller)