Toby Rodriguez CRE

Investors Face New Tax on all Real Estate Transfers Priced Above $5 Million; Both Transaction and Development Landscape Negatively Affected.

If you have any questions on effective dates, please feel free to give me a call or message me for our reports.

We are pleased to announce the success of our client’s recent 1031 exchange. Our clients had goals to escape California Legislation and Rent Control on Apartments and get into the product type of Self-Storage.

At the cusp of a changing market we sold their apartments over list price to a qualified buyer with an all cash offer. The Self-Storage market has grown expeditiously and with the help of our nation platform we closed on a turn-key Storage deal in College Station near Texas A&M University.

Thank you to our clients for trusting us with your investment and excited for your new path.

Fired up to announce we closed on this 12 unit in Paramount, CA. Our marketing plan generated over 15 offers and eventually closed approximately 10% above the list price to an all-cash buyer.

This building consists of (4) 1-Bedrooms / 1-Bathroom and (8) 2-Bedroom / 2-Bathroom units. There is a shared laundry room and ample covered and open parking spaces available for tenants’ convenience. This was a great value-add opportunity with over 25% in rental upside.

For more information on this closing, please contact Toby Rodriguez at (562) 257-1214, Ryan Gonzalez at (562) 257-1304 or Kevin King at (562) 972-1050. For a complimentary property valuation, click the link in the bio.
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Closed on 4707 Rosemead Blvd, a 13 unit multi family investment property centrally located in Pico Rivera. Built in 1962, the property consists of (4) one-bedroom units, (9) two-bedroom units, and a non-conforming studio. Value add deal, only multifamily sale in Pico Rivera for 2021.