This La Crescenta 3 + 2 is closed. Our client’s rental was located at 2519 Rockdell St. A past client referred them to us. I met the client in May, and the tenant moved out that month. We did a pre-inspection and made approximately $50,000 in fixes, including a new roof. Unfortunately, there was much deferred maintenance, including more than $9,000 in termite repairs.
This La Crescenta 3-bedroom, 2-bath home officially sold. The longtime rental owner at 2519 Rockdell Street came to us through a referral from a past client. I met the seller in May, just after the tenant moved out.
We immediately scheduled a pre-inspection and identified several areas needing attention. The home showed signs of deferred maintenance, including over $9,000 in termite damage. As a result, the seller invested approximately $50,000 in improvements, most notably, a new roof.
Once the updates were complete, we listed the home at $1,085,000. Within days, we received two strong offers. One buyer offered $1,100,000. However, after reviewing the options, the seller chose a full-price cash offer with a quick close. In this market, they felt more confident moving forward with an investor who didn’t rely on financing and could close swiftly.
This buyer was in the final stretch of a 1031 exchange and needed to close on a replacement property within two weeks. They had a strict six-month deadline from selling their previous investment property. The clock was ticking. Because of the potential tax consequences, we knew this buyer would be highly motivated to close. And they were.
The result? A smooth, successful closing on this beautiful 3-bedroom, 2-bath home in La Crescenta. Right price, right timing, right buyer.
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