NAI Capital Closes Another West L.A. Apartment Building

September 25, 2013

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LOS ANGELES, CA – September 25, 2013 – (RealEstateRama) — Kevin Kawaoka and Mario Gandara with NAI Capital’s West L.A. office represented the Seller, S&B Family LP, and the Buyer, private investor, in the sale and purchase of a 9 unit multifamily property located at 11504 Rochester Avenue in West Los Angeles, CA. The value of the sales transaction was $1.5 million.<span id="more-2696"></span></p> <p>This beautifully maintained nine unit property, built in 1929, exudes old world charm and features mature landscaping, a Spanish tile roof, and is located in West L.A. North.</p> <p>Kawaoka & Gandara with NAI Capital note, “The client contacted us requesting an assessment of income property they recently inherited. We were able to demonstrate that by selling the inherited property and investing the proceeds in a multifamily property closer to home, they could significantly increase their cash flow, and at the same time, make it easier to manage the property. Following our advice, the client listed their San Luis Obispo property, and we were able to immediately locate a 1031 exchange upleg. Within a week we were able to obtain a full price offer for the San Luis Obispo property and the client then put the upleg exchange property under contract. The 9-unit property located at 11504 Rochester in West Los Angeles serves as the ideal upleg for our client’s exchange, significantly increasing their cash flow.”</p> <p>The property is located in West L.A., north of Santa Monica Blvd and west of the I-405 Freeway in the City of Los Angeles.</p> <p>About NAI Capital</p> <p>NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage BRE #00806840</p> <p>Contact: Sharon Fitzgerald, Public Relations, 818.742.1655 and sfitzgerald (at) naicapital (dot) com<br />+</p>  <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><div class="td-g-rec td-g-rec-id-content_bottom"> <script type="text/javascript"> var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width >= 768 && td_screen_width < 1024 ) { /* portrait tablets */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width < 768 ) { /* Phones */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:300px;height:250px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } </script> </div>  </div></div> <footer> <div class="td-post-source-tags td-pb-padding-side"> </div> <div class="td-post-sharing td-post-sharing-bottom td-pb-padding-side"><span class="td-post-share-title">SHARE</span> <div class="td-default-sharing td-with-like"> <a class="td-social-sharing-buttons td-social-facebook" href="http://www.facebook.com/sharer.php?u=https%3A%2F%2Fcalifornia.realestaterama.com%2Fnai-capital-closes-another-west-l-a-apartment-building-ID02696.html" onclick="window.open(this.href, 'mywin','left=50,top=50,width=600,height=350,toolbar=0'); return false;"><div class="td-sp td-sp-facebook"></div><div class="td-social-but-text">Facebook</div></a> <a class="td-social-sharing-buttons td-social-twitter" href="https://twitter.com/intent/tweet?text=NAI+Capital+Closes+Another+West+L.A.+Apartment+Building&url=https%3A%2F%2Fcalifornia.realestaterama.com%2Fnai-capital-closes-another-west-l-a-apartment-building-ID02696.html&via=California+RealEstateRama"><div class="td-sp td-sp-twitter"></div><div class="td-social-but-text">Twitter</div></a> <a class="td-social-sharing-buttons td-social-google" href="http://plus.google.com/share?url=https://california.realestaterama.com/nai-capital-closes-another-west-l-a-apartment-building-ID02696.html" onclick="window.open(this.href, 'mywin','left=50,top=50,width=600,height=350,toolbar=0'); return false;"><div class="td-sp td-sp-googleplus"></div></a> <a class="td-social-sharing-buttons td-social-pinterest" href="http://pinterest.com/pin/create/button/?url=https://california.realestaterama.com/nai-capital-closes-another-west-l-a-apartment-building-ID02696.html&media=" onclick="window.open(this.href, 'mywin','left=50,top=50,width=600,height=350,toolbar=0'); return false;"><div class="td-sp td-sp-pinterest"></div></a> </div><div class="td-classic-sharing"><ul><li class="td-classic-facebook"><iframe frameBorder="0" src="https://www.facebook.com/plugins/like.php?href=https://california.realestaterama.com/nai-capital-closes-another-west-l-a-apartment-building-ID02696.html&layout=button_count&show_faces=false&width=105&action=like&colorscheme=light&height=21" style="border:none; overflow:hidden; width:105px; height:21px; background-color:transparent;"></iframe></li><li class="td-classic-twitter"><a href="https://twitter.com/share" class="twitter-share-button" data-url="https://california.realestaterama.com/nai-capital-closes-another-west-l-a-apartment-building-ID02696.html" data-text="NAI Capital Closes Another West L.A. 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td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/mccarthy-introduces-legislation-to-repurpose-high-speed-rail-funding-to-water-infrastructure-projects-ID09929.html" rel="bookmark" title="McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure Projects">McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/congressman-kevin-mccarthy">Congressman Kevin McCarthy</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:20:36+00:00" >April 1, 2019</time></div> </div> </div> </div> </div> </div></div> <aside class="widget widget_archive"><div class="block-title"><span>Government & Nonprofit Press Release Archive</span></div> 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