1201 E 20th St

The Tuvia Group successfully closed 1157–1201 E 20th Street, a six-unit multifamily portfolio in South Los Angeles, for a combined $1,124,000. After initially testing the properties as a development opportunity, the team pivoted and sold the assets to separate buyers, achieving more than $240 per rentable square foot despite deferred maintenance and an average tenancy of 29 years. During escrow, the team also negotiated a $10,000 tenant buyout on the seller’s behalf and successfully positioned the seller’s equity for a 1031 exchange.