Why we’re selling 2727 E 4th St.

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Regular readers know I’m not a fan of selling LA real estate, particularly in improving neighborhoods.

So, why are we selling 2727 E 4th St. in Boyle Heights?

The fund that owns it has a structure which requires we meet a certain yield threshold to keep pace with the investors.

To get the yield up above that threshold, we would have to invest more time and attention than we have available, given all the projects we’re currently working on.

So, since the value is up nearly 2x since we bought it in late 2013, we’ve decided to let the property go.

At $1.3MM for nine units approx. 1.5 miles from the Arts District, I think 2727 has a ton of potential.

It just needs someone with bandwidth to give it the love it needs… that’s not us… is it you?

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