Frequently Asked Questions
Is the property available?
We update our listings daily. So if you see the listing's status as "active" -- it is available.
Can I get a rent roll and/or set up sheet?
Sure. See the Home Page
Can we schedule a Showing?
Sure. Contact the listing agent for a tour
How many parking spots are there?
6 parking sports for each building
Does the seller have any "flexibility in price"?
We took this property to market at a price that we believe it will sell. We are confident that given the property's incredible location, age, architecture, and condo conversion potential it will sell at or above list price.
We have a multi-billion dollar exchange client who wants to put an all cash offer. Can we get a discount please?
We took this property to market at a price that we believe it will sell. We are confident that given the property's incredible location, age, architecture, and condo conversion potential it will sell at or above list price.
How do I submit an Offer?
On the most current RIPA form
With POF showing at least 50% of the purchase price
And a schedule of real estate that matches the name of the buyer
emailed to [email protected]
With POF showing at least 50% of the purchase price
And a schedule of real estate that matches the name of the buyer
emailed to [email protected]
Can the buildings be purchased separately?
Yes
What's the commission to the selling agent?
1.25% which is 50% of the total commission
Are you planning tours of the property?
Yes! The owner's unit was intentionally left vacant and we plan on showing that. Please email to express interest [email protected]
What improvements were done?
THE OWNERS REPIPED ALL PLUMBING, CHANGED THE ROOF, AND UPDATED THE ELECTRICAL. IN ADDITION MANY UNITS WERE RENOVATED AS THEY BECAME VACANT
What's the billboard arrangement
The billboard is located at 1239 S La Cienega. The sign company owns the structure and there are no deals to transfer it to us. The lease ends in February of 2031 and the current rent is is $2,916.60 with 2.25% yearly increases or 35% of the annual net revenue, whichever is greater.