Challenge

Surrounded by a neighborhood of single-family homes, this multifamily property is in good condition and boasts all two-bedroom units along with two parking spaces for each unit. The owner was looking to sell after seeing increased momentum towards stricter California legislation proposals for landlords.

Strategy

Using the Matthews™ proprietary click-to-sale technology and the team’s expertise and cooperative culture, a buyer was sourced within two weeks. The buyer owns other investment properties in Los Angeles and recognized this property’s attractive cap rate, GRM, and return on investment. These investment fundamentals were too good of an opportunity for the potential buyer to pass up.

Results

Representing both the seller and buyer, Matthews™ worked closely with both parties involved to conclude a mutually beneficial outcome. Matthews™ facilitated a 1031 Exchange for the seller to an out-of-state multifamily property, and the buyer was left with an easy-to-manage property in very good condition.