Tax Haven
Seller Exchanges into a Luxurious Rental Asset
32-Unit Multifamily
Located in a prominent neighborhood of Granada Hills, this 32-unit value add property offers a substantial amount of upside in rents. Amenities include covered parking, laundry, balconies and plenty more.
43-Unit Multifamily
Situated in an excellent location between the 405 and 101 freeways only minutes away from the Sherman Oaks Gal-leria, this 43-unit property includes ample onsite parking, laundry, balconies, fireplaces, a fitness center and more.
The Offering
The
exchange
exchange
144-Unit Multifamily
Our client sold the 32 units in Granada Hills in addition to the 43 units in Sherman Oaks (as seen above) with a 7 day close for $26,025,000. Our client was seeking to maximize his cash flow and was able to do so by 122 percent through the purchase of a beautiful & luxurious asset of 144 units in Fort Lauderdale, Florida (as seen on the right) in the trans-action. Our client was able to secure $22,000,000 in finance with a 10 year fixed rate of 4.6 percent.
Transaction Highlights
- Increased cash flow from $583,000 to $1,295,000 Transaction closed within 7 days of each other
- Buyer now netting over $30,000 a year
- Financing: $22,000,000, 10 year fixed 4.6%,
10 years I/O - Representing our client from beginning to end (75 to 144 units)
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