Ready to sell? We buy LA multifamily buildings as-is, even with some challenges.
Vacancies, deferred repairs, open code notices, an operating file that has grown complicated. We underwrite the building in its current condition and take it on from there. You do not need to resolve anything before selling.
Ready to hand it over?
Get a no-obligation written offer, usually within one day.
You do not have to fix it first.
Owners often assume a building has to be cleaned up before it is sellable. We underwrite in current condition, which means the work you have been putting off becomes a line in our model rather than a project you have to finish.
Occupancy as it is
Occupied, partially vacant, or rent stabilized. We take the tenancies as they are, honor every lease as written, and assume the building subject to all applicable tenant protections.
Deferred maintenance
Roof, plumbing, electrical, soft-story retrofit. Priced into the offer rather than negotiated after inspections.
Open notices and permits
Building and housing department matters are routine for us. Raise them early and we will price them, not walk.
Four steps, start to close.
Tell us the address
A short call is enough. We do not need the file organized first.
We underwrite as-is
Current collections, current condition, current notices. No assumptions about work you might do.
Written offer
The number reflects the building as it stands today.
Escrow and close
We take on the operational issues after closing. You are done.
The building has open code violations.
Bring them up early. Building and housing department matters are routine for us and get priced into the offer.
Collections are below the rent roll.
We underwrite on in-place collections rather than paper rents, so a gap between the two is something we model rather than something you need to close first.
There is a pending legal matter.
Tell us at the outset and we will review it with counsel. Depending on the matter we can often structure the transaction around it or wait for resolution.
Do I need to clean out or repair anything?
No. We buy as-is and take on the work ourselves after closing.
What happens to the residents after the sale?
They stay. We are long-term owners and inherit the leases as written. Rent-stabilized residents keep their protections under the Los Angeles rent ordinance.
Step back from operations. Start with the address.
A written offer within one business day, with no obligation.