Kenny Stevens

SOLD: 18 Units East Hollywood for $3.5 Million

(8/2015) East Hollywood, CA - After launching a comprehensive marketing campaign for this 18-unit property in East Hollywood, Kenny Stevens procured four offers on the Seller's behalf.  Kenny had a Buyer for the property, but the highest price was offered by a Buyer with an outside broker.

The Prosser Stevens team of KW Commercial managed all details of the escrow process, ensuring a smooth transition.  The exclusive listing was presented at $3,600,000 and closed within 90 days of list at $3,500,000 to a Buyer in a 1031 exchange.

The Seller is trading into much larger properties out of state and the Buyer is looking forward to enjoying a stable cash-flow building.