Closed escrow at a price above the original listing price of the prior company
August 23, 2019
2429 Cheremoya Avenue was an opportunity to be the second brokerage company to sell a 7-unit stabilized rent-controlled apartment building located in the Beachwood Canyon area of the Hollywood Hills. Built in 1962, the property was approximately 15% under market rent and had been on the market with another brokerage firm. Transwestern’s challenge was to rebrand the marketing of the building to give it a fresh look and marketing approach all while trying to get as close to the original listing price.