We helped our client successfully sell his 12 Unit Apartment building in Inglewood with the intent to exchange into several other properties to diversify his holdings and increase cash flow.
Why Lyon | Stahl:
The purchaser of 11626 Cedar Ave was a long term client who has completed several transactions with Lyon | Stahl. During the escrow period of his down leg we were already on the hunt for his exchange options giving him more time to identify his exchange properties.
To fulfill his exchange, our client needed to purchase approximately $3,200,000 worth of real estate. To satisfy this he decided to purchase 3 properties. 11626 Cedar Ave was a competitive listing with multiple offers, but due to Lyon Stahl’s good relationship with the listing broker and the buyer being in an exchange we were able to secure the deal for him.
As a result of our good broker relationships and the buyer coming out of an exchange we were able to secure the deal by writing an all cash offer with no loan or appraisal contingencies and a quick close of escrow.