MultifamilyMitch

Our team brought the 6-unit building at 14734 South Berendo Avenue, Gardena to market for the first time in 30 years, and following our marketing campaign, multiple offers, and expertly navigated negotiations, the property ultimately sold for $295,667 per unit, notable for a Gardena multifamily sale. The buyer is a local investor with roots in Gardena who liked this property for its rare offering of all 3-bedroom floor plans.

For more information on this sale or the local multifamily market, please contact Mitchel Cannata, who represented the buyer in the sale, at (424) 405-3830.

Just closed! Our team represented the buyer in the successful acquisition of 4215 South Kansas Avenue, a 24-unit apartment building in South Los Angeles a half-mile from Expo Park. The building features mostly studios and is partially renovated. Our client’s offer was non-contingent day one; this investor owns another asset just down the street and has confidence in this high demand rental market. This property was acquired for $104,166 per unit at a going-in cap rate above 8%.

For more information on this sale or the local multifamily market, please contact Mitchel Cannata (424) 405-3830

Another closing in the books! Exclusive listing agents Mitchel Cannata expertly handled the sale of their client’s vacant 2-unit property at 920 West Elberon Avenue in San Pedro, CA. Marketing generated multiple offers, escrow was opened within two weeks of hitting the market, and the property ultimately closed for $1.2M, a whopping $305K above list price, to a buyer who closed all cash with a 15-day escrow.

For more information on this sale or the local multifamily market, please contact Mitchel at (424) 405-3830