Hyde Park Apartment Sold: 8-Unit Multifamily Property in Los Angeles Case Study
In the heart of Los Angeles, the Bluechip Investment Group team led by real estate broker Kevin Kawaoka, successfully closed the sale of an 8-unit apartment complex in the Windsor Hills/Hyde Park neighborhood. This case study showcases the strategic solutions and persistent execution that turned a complex deal into a win for both buyer and seller.
Property Overview
Address: 6527 S Victoria Avenue Los Angeles, CA 90043 – Windsor Hills / Hyde Park
Sale Price: $1,290,000
Price Per Unit: $161,250
Price Per Sq Ft: $194
Total Sq Ft: 6,629
Lot Size: 11,418 sq ft
Zoning: LAR3 – Opportunity Zone, Tier 4
Layout: Duplex in front + 6-unit apartment building in back
Location Perks:
• 0.5 miles to K Line Metro Station
• <1 mile to Edward Vincent Jr Park
• 2.7 miles to SoFi Stadium
The Challenge: 14 Owners, Legal Hurdles & Operational Inefficiencies
Coordinating 14 Owners on Title
The property had 14 owners (handful living out of state) with different legal arrangements—an immediate complexity. We leveraged our experience to streamline communications, align all parties, and ensure timely delivery of disclosures. We also collaborated with attorneys to correct title errors and facilitate deed transfers out of a pension plan to finalize the sale.
Sky-High Trash Costs
Property management claimed inflated trash expenses were unresolvable. We arranged an on-site meeting with the waste service provider and negotiated a new plan—reducing annual costs by thousands and increasing the property's net operating income.
Delayed Section 8 Rent Increases
Approved rent hikes from the LA Housing Department had been pending for over a year. We took immediate action, following up persistently until the increases were processed—adding significant value to the property and it’s underlying value.
The Result: A Seamless, Value-Driven Apartment Sale in Los Angeles
Despite multiple legal, financial, and logistical hurdles, our proactive approach ensured a successful closing. This sale is a testament to our commitment to finding solutions, maximizing property value, and delivering results for our clients.
Looking to Sell or need help with your Los Angeles Multifamily Real Estate?
At Bluechip Investment Group, we turn complexity into opportunity. Whether you’re selling, or repositioning a multifamily asset, we deliver expert guidance, market insight, and relentless execution.
Your Success is Our Mission.
