Jose Becerril Jose Becerril

Buying Below Replacement Cost in the Heart of Westlake

2334 Valley Street is an 8 unit multifamily property located in the Westlake neighborhood of Los Angeles. The seller has owned the asset since 2008 and is offering it for sale as part of a 1031 exchange strategy. The building consists entirely of one bedroom one bathroom units totaling approximately 4,408 square feet on a 6,517 square foot lot.

The property is listed at $950,000, equating to $118,750 per unit and approximately $215 per square foot, a basis well below current replacement cost in central Los Angeles. Current gross scheduled rent is approximately $7,428 per month with a pro forma rent projection of $15,200 per month. Current net operating income is approximately $50,188 with pro forma NOI projected at $136,575.

Located in a highly walkable and transit connected corridor near Downtown Los Angeles, Koreatown, Silver Lake, and Hollywood, the asset benefits from strong rental demand. The investment works because it combines a below replacement cost entry point with significant rental upside in a durable central Los Angeles submarket.

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Jose Becerril Jose Becerril

Buying Below Replacement Cost in the Heart of Westlake

2334 Valley Street is an 8 unit multifamily property located in the Westlake neighborhood of Los Angeles. The seller has owned the asset since 2008 and is offering it for sale as part of a 1031 exchange strategy. The building consists entirely of one bedroom one bathroom units totaling approximately 4,408 square feet on a 6,517 square foot lot.

The property is listed at $950,000, equating to $118,750 per unit and approximately $215 per square foot, a basis well below current replacement cost in central Los Angeles. Current gross scheduled rent is approximately $7,428 per month with a pro forma rent projection of $15,200 per month. Current net operating income is approximately $50,188 with pro forma NOI projected at $136,575.

Located in a highly walkable and transit connected corridor near Downtown Los Angeles, Koreatown, Silver Lake, and Hollywood, the asset benefits from strong rental demand. The investment works because it combines a below replacement cost entry point with significant rental upside in a durable central Los Angeles submarket.

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Jose Becerril Jose Becerril

Sale Price $625,000 (25K Above Ask)

114 E 102nd St is a South Los Angeles duplex owned by the same family since 1966, represented by a long term owner and her two adult children as they prepared to liquidate after decades of management responsibility.

The asset is defined by its split profile: one older unit under LA rent stabilization rules and a second unit constructed in 2007 that is not subject to LA RSO and instead follows the statewide framework for newer construction. That regulatory difference shaped buyer strategy, underwriting, and the ultimate buyer pool.

We began advising the family in early 2024, focusing first on education, positioning, and decision clarity. Alongside sale strategy, we provided guidance on the range of tax planning conversations they could explore, including 1031 exchange considerations, so they could coordinate with their tax professionals before committing to a path. We then ran a competitive marketing process that generated multiple offers and closed with the property selling $25,000 above asking.

This deal worked because the story and structure were communicated clearly, attracting buyers who understood both the operational realities and the long term value of a well located South Los Angeles duplex.

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Jose Becerril Jose Becerril

1904 S Robertson Blvd A Rare Legacy Ownership Opportunity in the Heart of West Los Angeles

1904 S Robertson Blvd falls firmly into the second category. The ownership partnership has controlled this property since the 1980s, guiding it through multiple market cycles and overseeing a meaningful operational evolution. What began as an assisted living business model has, over time, transitioned into a conventional apartment community that now sits in one of the most centralized and resilient rental markets in Los Angeles.


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