We buy apartment buildings in Mid-City and Mid-Wilshire
The Beverly Group is the best buyer for Mid-City multifamily buildings. We purchase along the Wilshire corridor from Hancock Park through Mid-City, four to a hundred-plus units.
What is your building worth?
Get a no-obligation written offer, usually within one day.
Courtyard buildings and pre-war mid-rises.
Stock you cannot find elsewhere.
The Wilshire corridor holds multifamily stock you do not find elsewhere in Los Angeles. Twenties and thirties courtyard buildings with the original tile still in. Pre-war mid-rises with systems nobody has touched since the war. South of Olympic the Mid-City stock shifts to fifties and sixties walk-ups.
RSO the length of the corridor.
Nearly all Mid-City and Mid-Wilshire apartment buildings predate 1978 and are rent stabilized. We underwrite in-place rents and take the building subject to whatever applies.
The subway is repricing these blocks.
Purple Line stations along Wilshire are already moving what this land supports. Whether that is inside a number somebody quoted you is worth checking before you sell.
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
Give us the address. It stays between us and does not go to market.
We underwrite
Wilshire corridor comps move quickly right now, so we underwrite on recent trades rather than last year.
Written offer
A written offer with the capital plan we assumed for the building systems.
Escrow and close
Your escrow and title. Operations transfer to us at closing.
The building systems are original.
On Mid-Wilshire stock they usually are. We underwrite replacing them across a long hold. It is not a discount lever.
Mine has retail downstairs.
Mixed-use is fine. There is a lot of it on the corridor.
Is a commission coming out of this?
Not from our side. We are the principal, not an agent.
Does requesting a number obligate me?
No. Corridor owners frequently want a figure for estate or partnership reasons and never take it further.
What sort of timeline should I plan around?
Three to six weeks is typical once terms are agreed, and we will accommodate a longer escrow when there is a reason for it.
Find out what your building is worth.
Complimentary, and with no obligation to sell.