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Owner library

Guides for Los Angeles apartment owners.

We buy apartment buildings in LA County for our own account, which means we underwrite this city's rules every week. These are the guides we wish owners had before they went to market. Written for owners, and for the attorneys and CPAs they call. Every figure cited to its primary source with the date we checked it.

The library

Start wherever your deal is.

Checklist The LA apartment building sale checklist Everything a buyer will ask for, in the order they ask for it — and what to fix before you go to market rather than after a buyer finds it. Rent stabilization Selling a rent-stabilized building in LA Registration as a license to collect rent, the frozen-rent trap, retrofit orders that transfer on the original clock, Ellis math, and current relocation amounts. Net proceeds Understanding seller net proceeds Measure ULA at current thresholds, city and county transfer tax, the 9A report, prorations and payoff — what actually comes off the top between price and wire. Due diligence The buyer due diligence checklist The documents, third-party reports and lender conditions a real buyer runs, and the specific ways each one blows up a deal. Underwriting How deferred maintenance moves your price The mechanism is not vibes. It is the PCA, the immediate-repairs escrow and the replacement reserve, and each one has an arithmetic effect on loan proceeds. Probate & trust Selling through probate or a trust The real LA County timeline, the overbid formula at the confirmation hearing, what full IAEA authority changes, and why a trust closes so much faster. 1031 exchange 1031 exchange timing for LA sellers The 45 and 180 day clocks, identification rules, why the intermediary has to be in place before you close, and the California filing that follows you out of state. Direct vs brokered Direct offer or brokered sale? How to actually compare a principal buyer against a listing — net of fee, time, certainty and re-trade risk, not gross price.
How we write these

Why these are different from the usual seller content.

We cite everything.

Every dollar figure, deadline, percentage and code section on these pages carries an inline link to the primary source it came from and the date we verified it — LAHD, LADBS, the LA Municipal Code, the Office of Finance, the California codes, the IRS. If we could not verify a number from a primary source, we say so on the page instead of estimating. Municipal figures move constantly; a guide that does not tell you where its numbers came from is a guide you cannot check.

We flag what is about to change.

A lot of these numbers adjust on a schedule. RSO rent increases and relocation amounts reset every July 1. ULA thresholds move with the Chained CPI. HUD income limits update in the spring. Where a figure has a known expiry we name the date, so you know whether you are reading something current or something that lapsed.

We write from the buy side.

We are a principal buyer acquiring for long-term ownership. That is a bias and you should know about it. It also means when we describe what a buyer does in diligence, we are describing what we do — the reports we order, the documents we ask for, and the specific findings that make us move a number. That is more useful to you than a general article about selling real estate.

We do not give legal or tax advice.

These pages explain how the process works and where the money goes. They are not a substitute for your attorney or your CPA, and on anything involving an exchange you need a qualified intermediary engaged before the sale closes. Every guide says so, and we mean it — the mistakes we see most often are the ones an owner made confidently, alone.

One more thing

What is not here yet.

We are building a quarterly report on the LA small and mid-market multifamily segment — the four-to-hundred-unit range where we actually transact — drawn from our own deal flow rather than aggregated listing data, with the methodology stated plainly so you can judge it. Offers reviewed, what we bid versus what traded, where sellers and buyers kept getting stuck.

It is not published yet because it is not ready, and we would rather publish nothing than publish numbers we cannot stand behind. When it goes up it will be here.

Working on a specific building?

Send the address and a rent roll. We buy four to 100+ unit apartment buildings across Los Angeles County for our own account — as-is, tenants in place, orders attached. Written offer in one business day, or a straight answer about why it is not a fit.

The Beverly Group
Los Angeles Multifamily
139 S Beverly Drive
Beverly Hills, CA 90212
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About

The Beverly Group is a Los Angeles based real estate investor and developer, founded by Jeffrey Martin Schleider, with a focus on multifamily and mixed-use properties.

Disclaimer

The material on this website is for general information only. All data is deemed reliable but is not guaranteed accurate, and is presented subject to errors, omissions, changes or withdrawal without notice.

This website does not constitute an offer to purchase any real estate property, nor an offer to sell or a solicitation of an offer to buy any security or investment product, and may not be relied upon in connection with any offer or sale of securities. Nothing here is a recommendation to purchase, sell or hold any security or property, or to pursue any investment strategy, and nothing here is investment, accounting, tax or legal advice.

Years of experience, transaction counts and transaction volume figures shown on this website reflect the cumulative professional experience of the principals of The Beverly Group, including transactions completed prior to and outside of the firm, and in markets other than Los Angeles. They are not a representation of the firm's own transaction history, current portfolio or assets under management, and past results are not indicative of future outcomes.

Equal housing opportunity

The Beverly Group is an equal housing opportunity provider, consistent with applicable law. We do not discriminate on the basis of race, creed, color, national origin, sexual orientation, lawful source of income, military status, sex, gender identity, age, disability, familial status, or religion.

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Regulatory details on this page verified against primary municipal sources and last reviewed 24 August 2026.