120 N Bonnie Ave Pasadena, CA
Closed $1,700,000
6
$283,333
$412
3.39%
18.35
5.87%
12.32
The LA Apartment Advisors are pleased to announce the successful sale of 120 N Bonnie 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 a non-rent controlled city. Through analysis of our clients situation, we were able to identify that their return on equity could be improved by at least double through an exchange. Through our superior marketing efforts, we were able to generate 6 offers and close escrow all cash in 30 days.
With our experience and expertise in the 1031 exchange system, we had LOI's out on suitable exchange properties prior to the close of escrow. This allowed the seller to have a stress-free and timely 1031 exchange process.
For more information about this transaction, a complimentary evaluation of your property, or a 1031 exchange analysis, give us a call today!
Michael McNulty
Associate
O: (818)-212-2709
M: (818)-359-9530
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