3406 Virginia Rd

The Tuvia Group successfully closed 3406 Virginia Road, a 16-unit multifamily property in West Adams, for $2,650,000, representing one of only two 16+ unit sales in the submarket that year. Despite significant deferred maintenance, active plumbing issues, and no on-site parking, the property traded at a strong 7.32% cap rate and 8.82 GRM. The sale provided the buyer with solid in-place cash flow and meaningful rental upside while allowing a long-term owner to successfully exit a challenging asset.