931 Everett St

The Tuvia Group completed the sale of 931 Everett Street in Los Angeles for $1,725,000, achieving $345,000 per unit despite several investment challenges. The five-unit property lacked on-site parking, had a retaining wall issue, and operated with rents already at market levels, offering no immediate rental upside or traditional value-add opportunity.

These factors required positioning the offering around its existing income rather than projected rent growth. With limited opportunity to increase revenue through renovations or rent adjustments, the investment case centered on the property’s current operating performance. The retaining wall issue and absence of parking added further considerations for prospective buyers evaluating the acquisition.

Despite these constraints, the transaction closed at $352.54 per square foot, a 7.49% capitalization rate, and a 9.52 gross rent multiplier. The sale demonstrates The Tuvia Group’s ability to execute a transaction involving physical property concerns and limited upside while achieving a $345,000-per-unit result for the Seller.