We would all agree that there is a small amount of off-market apartment inventory.
I counted 241+ units in areas like Fallbrook, Pacific Beach, North Park, El Cajon, City Heights & East Village
The mixes vary, with many properties having all studio units.
This is one portfolio owned by 1 seller. He is retiring.
- His prices are not what he’ll accept, but a starting point.
- He wants to sell fast so cash is king! No seller carry.
- It is off-market, although at some point was represented by a broker.
Now its FSBO.
There is some flexibility on offers, just need serious buyers.
We can make offers in writing in LOI form to see if the seller will accept.
Cherry-pick is fine. I’m direct to seller.
I would be asking 1% from the buyer.Pics of the assets are below.
Greg@fixandflippers.com | 858-386-0949