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Better Area – 3729 W 132 nd St and 4175 W Broadway, Hawthorne

Better Area – 3729 W 132 nd St and 4175 W Broadway, Hawthorne (Gilmore)

Client Goals:
The owner approached us seeking to sell both income properties in Hawthorne and exchange into a larger building in a better area. She had a strong preference for a value-add replacement property with upside market rent potential.

Why Lyon | Stahl:
Our specialization and proven success in the 1031 Exchange process stems from our ability to develop creative solutions that enable us to identify and close on ideal replacement properties for our clients.

Process:
We utilized our team-approach in order to combine all available off-market upleg opportunities that would fit our client’s investment goals. In addition, we included several extension options in the purchase contract to ensure sufficient time in meeting the exchange deadlines.

Outcome:
The Seller exchanged into a 6-unit building in an excellent area of Los Angeles with a market CAP of 5% and GRM of 12. Four of the units were delivered vacant, allowing our client to immediately make the necessary capital improvements to maximize the return on their investment.