434 N Lake St

The Tuvia Group successfully closed the sale of 434 N Lake St, a five-unit apartment property in Echo Park, after strategically addressing significant tenancy issues prior to bringing the property back to market. Three tenants had gone more than a year without paying rent, accumulating approximately $65,000 in outstanding balances. The team worked with the seller to negotiate tenant move-outs, waive the balances, and ultimately deliver all three units vacant. By removing the property’s primary source of buyer hesitation, the team repositioned a challenging value-add asset into a more marketable investment and achieved a successful closing.