We were able to sort out the seller’s tenant issues and get the price of the property in line

My clients and I found a mixed-use investment building in their preferred neighborhood, the Mission, that had not sold. The building had several issues, including the seller’s giving illegal rental increases to his tenants. After a lot of negotiation, we were able to sort out the seller’s tenant issues and get the price of the property in line with the building’s true value.

An investor interested in trophy properties stepped up and bid a little over the reduced price.

Pricing a 10 unit investment building on Nob Hill for sale was a challenge, given that the it was substantial, well-located and more than five units, which affecting financing. When the building didn’t sell after the first 40 days, a… Read more “An investor interested in trophy properties stepped up and bid a little over the reduced price.”