Property Profile
$10,925,000Challenge
The two properties, built in the 1950’s, are situated in the most sought after location in San Fernando Valley. Located adjacent to the 101 Freeway and Ventura Blvd, the assets offer the tenants access to entertainment, shopping and dining in the immediate area. The seller, a family trust, was looking to reposition their equity into an asset that required little to no management responsibilities.
Strategy
The property’s coveted location allowed Matthews™ to position the deal as a prime asset and marketed the deal as a value-add opportunity. Through the utilization of Matthews™ extensive database, the team identified a buyer whose goals closely aligned with the seller’s.
Results
The buyer was hunting for a value-add opportunity with plans to reposition. Matthews™ successfully negotiated a deal that relieved the seller of all management responsibilities and increased their overall cash flow, by exchanging into several triple net properties throughout the United States. Ultimately, the client was able to free themselves from day-to-day management responsibilities, which apartments require.
Recent News
Recent Media & Thought Leadership
3/7/2024
Case Study: Three Property Multifamily Portfolio Refinance
2/26/2024
Case Study: 10365 Parker Rd
2/6/2024
Case Study: 1269 Broadway
1/29/2024
Case Study: 970 Flushing Avenue
1/26/2024
Case Study: 1056 Rogers Avenue
1/25/2024
Case Study: Safe Store Surry, NH
1/23/2024
Case Study: 237A 27th Street
12/12/2023
Case Study: 3546 Emery St
11/28/2023