Challenge

3750 Jasmine Ave is situated in an up-and-coming location with big-name companies moving to the area, such as Sony, Amazon, Apple, Google, and HBO. There is easy access to the Culver City Metro Station that allows for residents to easily transit to Santa Monica, Los Angeles, or the 405 and 101 Freeway. The client’s incentive to sell was motivated by the high equity return.

Strategy

Identifying the seller’s goals, Matthews™ strategically aligned the property’s selling points by marketing the assets position in a rising market. By utilizing Matthews™ marketing resources, extensive data, and deal team’s hyper-specialization of the Los Angeles market, Matthews™ was able to identify a buyer.

Results

The seller, a private investor and longtime client of Matthews™, was able to achieve a mutually beneficial agreement with the buyer, who was motivated to purchase the well-located property. The property’s significantly low and below market rents benefitted the buyer by providing upside as the units turn.