Opus Builders LA has acquired a mixed-use property located at 4311 Eagle Rock Blvd. in Los Angeles for $1,445,000 through an off-market transaction. The sale was facilitated by Kidder Mathews’ expert team of Darin Beebower, Mark Ventre, and Arian Rejaei who represented both Opus and the seller – a family trust.
The property features four townhome-style residential units and two commercial units for retail purposes. Opus plans to renovate and reposition the asset with a long-term goal of redevelopment.
According to reports, this closing has set new standards in terms of cap rate (3.46%) and price-per-unit ($361,250/unit) for any rent-controlled building in the Eagle Rock submarket within the past year.
“To meet our client’s pricing expectations,” stated Ventre confidently,” we suggested carrying out financing options with attractive loan-to-value ratios and interest rates.” This strategy proved successful as it not only fetched our client a great price but also increased their monthly income compared to what they were previously earning from owning this building.”
This recent sale arranged by Kidder Mathews showcases their expertise in handling mixed-use properties within Los Angeles’ competitive real estate market without compromising on profitability or quality service delivery.
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