All Forum Posts by: Siouxzie Hanes

Off Market

• $6,450,000
• 35,408 approx. building sq.ft.
• 5% CAP
• 36 Units
• Onsite parking
• Large units
• Just off 405 Freeway
• Comprised of 1+1, 2+1.5, 2+2, 3+2 and 1 NC Single
• SGI $545,299

Message for more information.

Thank you. 

• $1,040,000
• Rental upside potential
• Value add opportunity
• 1962 built
• 3,600 approx. building sq.ft
• 5 parking spaces
• All 2+1
• Centrally located to DTLA
• SGI $66,117

Message for more info. Thanks.

Yes, the leases would transfer to new ownership regardless of what management company you use. 

You want copies of leases, addendums to leases, rent increase notices, application forms. 3 yrs. P&L statement. 12 months of all utility bills. Property tax statement. Capital expenses and invoice. Rent roll. Any vendor contracts and invoices. Insurance statement. 

These are some of the items typically asked for once you are under contract. There are other reports like NHD, Prelim Title Report, Cert. of occupancy etc. 

My business is in Los Angeles, so my answer is based on my experience here. Your RE agent should help you with this. 

Thank you. 

• 10 units all 1+1
• Copper plumbing, hardwood floors per owner
• 4 yr.old roof and new windows per owner
• 8 x Section 8 tenants
• Strong Loz Feliz rental market
• Short drive to 101 freeway
• $131,664 SGI
• 7,112 building sq.ft built in 1953

Message for information. Principals Only. 

Thank you. 

Yes, your agent should be helping you and getting trying to get answers to any questions you have.  You might want to hire a foundation inspector and get a full report to answer those more specific questions. Along with a full property inspection. You can ask for a report going back 3yrs from the seller's insurance company to see if any claims have been made. You should ask if there are or have been any evictions, lawsuits etc. Are tenants currently paid up to date? You will want to see a rent roll, 3yrs P&L of the property etc as part of your DD period (books and records). As opposed to asking if they were vetted or cause trouble. You will want to see a copy of all leases, addendums, credits reports and applications for each tenant as part of your DD and books and records. if any tenants are behind of rent payments, you need to find out if ownership gave them notification and if they plan to evict based on no rents paid. Note after you buy the building any evictions in the process will become your responsibility after close unless you negotiate and discuss prior to close and have something put in writing signed off by both parties. Consult with your agent they should be helping you. Lastly, sometimes seller's are unwilling to provide documents and answer a lot of questions until they are officially under contract with a serious buyer.My office is in Los Angeles and my answers are based on my experience here. 

$1,775,000

• 8 units - All 1+1
• Non-rent control
• 1989 built
• Laundry room on site
• Rental upside potential
• Clean building
• Cross streets - Victory and Kester 91406
• CPU $221,875
• SGI $109,200

Message for more information. You will need to provide proof of funds and a schedule of real estate before writing an offer. 

Thank you.