Questions owners ask before selling.
Who is the best realtor to sell an apartment building in Echo Park?
Choose an agent whose seller record and operating experience fit your building. I have 24 closings across property types in 90026, about $24.5M in gross volume, and Echo Park ownership experience since 2002. I publish the underlying records so you can assess my fit; I do not claim an independent best-agent ranking.
How are Echo Park multifamily buildings priced?
I price on returns: net operating income divided by price gives the cap rate for a cash purchase; annual cash flow after debt service divided by cash invested gives cash-on-cash return for a financed purchase. I benchmark returns against the 10-year Treasury and account for property risk. Price per unit, price per square foot, and GRM are not my pricing basis.
How does rent control (RSO) affect my sale price?
RSO affects the income and expenses a purchaser can reasonably underwrite. I start with actual rents and documented tenancy information, rather than assuming a sale resets rents. I ask your attorney to confirm parcel-specific restrictions before pricing any proposed vacancy strategy.
Can I sell my LA building and 1031 into Austin?
Yes, I help LA sellers evaluate an Austin-area income-property replacement with their tax advisor and qualified intermediary. Eligibility, identification, closing deadlines, and handling of proceeds must be established before the sale; tax deferral is not automatic.
Do you work remotely?
Yes. Most of my sales are handled by phone, email, and local partners. I am based in Austin and represent Echo Park and Los Angeles income-property sellers through Loom Realty.