We buy apartment buildings in Highland Park
The Beverly Group buys Highland Park apartment buildings and northeast LA multifamily direct. Four units and up, bought in current condition and held.
What is your building worth?
Get a no-obligation written offer, usually within one day.
Small buildings, old bones.
Fourplexes and Craftsman conversions.
Highland Park multifamily is mostly small. Fourplexes, six and eight unit buildings, some larger product along Figueroa and York. Craftsman conversions are common and so is work nobody pulled a permit for. The Gold Line changed this market faster than the stock could keep up.
RSO covers most of it.
City of Los Angeles, pre-1978, so the RSO applies to most Highland Park apartment buildings that sell. Unpermitted work is a live issue on a lot of them and it is something we handle rather than something that kills a deal.
It moved fast and it is still moving.
York and Figueroa look nothing like 2010. If your last Highland Park valuation is more than a couple of years old it is probably wrong, and which direction depends on the block.
Our criteria, stated plainly.
If your property fits, you will hear from us within one business day. If it does not, we will tell you that just as quickly rather than sitting on it.
Four steps, start to close.
You reach out
The address is enough. Nothing is shopped around.
We underwrite
Highland Park underwriting turns on permit history as much as rents, so we check both early.
Written offer
A written offer that prices the unpermitted work rather than deferring it to inspections.
Escrow and close
Your escrow and title. We take on the permit cleanup after closing.
There is unpermitted work.
Very common up here. Tell us early. We price it and move on.
It is a fourplex.
That works. Four units is our minimum.
Am I on the hook if I ask for a valuation?
No. Northeast LA owners often want a number for a trust or a family conversation. There is no obligation.
Does a commission come out of my proceeds?
Not from us. We buy for our own portfolio.
How long from first call to closing?
Three to six weeks for most deals once terms are settled, and we can extend for tax reasons.
Find out what your building is worth.
Complimentary, and with no obligation to sell.