12828 Oxnard St
North Hollywood
Closed $2,975,000
14
UNITS
$212,500
PRICE/UNIT
$238.80
PRICE/SQ FT
3.63%
CAP
15.65
GRM
7.48%
PRO FORMA CAP
9.54
PRO FORMA GRM
The LA Apartment Advisors are pleased to announce the successful sale of 12828 Oxnard Street in Valley Glen, California. Through our superior marketing efforts, we were able to generate 8 offers and close escrow $25,000 above list price.
With our experience and expertise in the 1031 exchange system, we got our seller extensions of escrow and found their exchange property prior to the close of escrow. This allowed the seller to have a stress-free and timely 1031 exchange process. They ultimately sold their property at a 4% CAP and bought a 5.50% CAP, a 50% increase in cash flow!
For more information about this transaction, a complimentary evaluation of your property, or a 1031 exchange analysis, give us a call today!
