Located in a Prominent Action-Packed Neighborhood

 

LOS ANGELES — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the $5.8M sale of a newly constructed 12-unit apartment building located at 6320 North Beck Avenue, North Hollywood, CA. The property was built in 2018 and spans over 13,000 square feet. Senior Vice President and Market Leader Daniel Withers and Senior Associate John Boyett represented the seller in the transaction.

 

The seller, a private client of Matthews™, received a full price offer achieving their financial objective of relinquishing the property in an active market. Matthews™ curated multiple offers from multiple qualified buyers, ultimately closing with a notable investor whom the agents have worked with previously. The agents were able to leverage the property’s strategic pricing, location, and updated design aspects to create a competitive buying pool.

 

“The seamless execution of this transaction highlights the importance of cultivating long-term business relationships in the industry,” said Withers. “We were able to capitalize on the property’s infancy, having been built in 2018, to pull in a qualified group seeking investments in a prominent location.”

 

6320 North Beck Avenue is located nearby various retailers, dining institutions, and public transportation. The property was recently built and offers modern finishes, as well as attractive assumable financing.

 

“The owners’ trust in the process and in our ability is what lead to another successful transaction. We marketed this asset with an assumable loan which generated a good amount of additional activity but ultimately closed with a buyer that was in an exchange that took on new debt,” said Boyett.

 

For more information, or to contact Daniel Withers and John Boyett, please visit www.matthews.com.

 

 

 

 

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 400 agents and support staff in 14 offices across the United States, continues to focus on expansion into new markets. For more information, please visit www.matthews.com.