Just Closed | 7 Units | $1,200,000

2338 W. 20th Street, Los Angeles, CA 90018

The SK Group of Marcus & Millichap is proud the share another successful closing of a 7-unit building, located in the Harvard Heights neighborhood of Los Angeles at 2338 W 20th Street.

The property is fully occupied and is comprised of (5) 1 bedroom/1 bathroom and (2) 2 bedroom/1 bathroom units that gross $76,308 per year. The property was originally listed for $1,800,000 and had been on the market for over 100 days. Although the property was listed with another firm, our team did have a prior, long-standing relationship with the Seller. Aside from being aggressively priced, we knew that the Seller wasn’t going to be able to provide many of the important documents needed to conduct due diligence, which would create many obstacles and hesitation for the average buyer. Our team believed that with the right Buyer, who could handle these problems, we could get the Seller to meet the market and finally sell the asset. After running our own analysis on the property, we pitched it to a Buyer that we have closed multiple transactions with. As a result of strategic, well-thought-out negotiations and presentations of comparable properties, our team was able to assist our Buyer in purchasing this asset for $600,000 less than asking, all cash and in less than 30 days

• Closed $600,000 Below Asking Price

• 30 Day Escrow

• All-Cash Transaction

• Represented Buyer

Just Closed | 14 Units | $5,300,000

5400 Radford Avenue, Valley Village, CA 91607

The SK Group of Marcus & Millichap is proud to announce the successful sale of 5400 Radford Avenue in Valley Village, CA.

Client came to us with a unique exchange opportunity. They had recently had their interest in another property bought out by a partner and were looking for a newer, turnkey asset with no headaches. With our advice, he was aggressive with his offer and was able to beat out the other buyers. Loan was handled with Sharone Sabar of MMCC.

• 80's Construction

• Fully Renovated - Turnkey Asset

• Newer Roof

• Ample Parking

• EV Charging Stations

• Prime Valley Village Location

Just Closed | Triplex | $1,585,000

625 N. Wilson Avenue, Pasadena, CA 91106

The SK Group of Marcus & Millichap is proud to announce the successful sale of 625 N Wilson Ave, a triplex in the city of Pasadena. The Sellers of this property were looking to cash out in order to use their proceeds to pay down debt and to have extra capital for another development project of theirs. They were referred to us by a family member who regularly receives our emails and other marketing and ultimately decided to hire us because of our ability to properly and effectively market listings to a large pool of active buyers and agents. Within 3 weeks of listing the property, we received multiple offers and opened escrow with qualified investors who own multiple properties in the area. The Buyers were represented by an outside firm. With a 21 day escrow and minimal credits, the transaction was extremely smooth and quick, leaving both the Buyers and Sellers satisfied.

• Excellent Mix of 2 & 3 Bedroom Units

• Duplex Built in 2003

• PPU - $528,333

• 21 Day Escrow - All Cash Buyer

• Sold within 1% of List Price