The LA Apartment Advisors are pleased to announce the successful sale of 106 N Allen Avenue in Pasadena, California. Having been in the seller's family for over 30 years, this investment presented an excellent opportunity for value-add in one of Los Angeles County's premier cities.

Through our superior marketing efforts, we were able to generate 12 offers on a building that had significant deferred maintenance. The ultimate buyer was a local buyer who is very familiar with buildings that need a lot of work. To make the seller's process easier, the buyer gave an all-cash and quick close offer, just underneath our list price.

Due to our immense experience and expertise in the 1031 exchange system, we were able to get LOI's out on many different suitable exchange properties prior to the close of escrow. This allowed the seller to have a stress-free and timely 1031 exchange process. The seller's ultimate 1031 exchange property is already in escrow and is set to close soon.

The seller will ultimately be tripling his cash flow with this 1031 exchange. If you wish to speak to this seller directly regarding his experience with our team getting him through this very successful 1031 exchange, please give us a call and we would be happy to provide.

For more information about this transaction, a complimentary evaluation of your property, or a 1031 exchange analysis, give us a call today!
818-212-2808

Michael McNulty

Associate

O: (818)-212-2709

M: (818)-359-9530

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