822 19th street Unit A Santa Monica CA 90403
Just sold this stunning, Bright end-unit multilevel townhouse in sought after Franklin School District, yards from Montana for $1,380,000.
After helping our client lease out her unit for a number of years, when we had our last vacancy, we discovered that the HOA had severe restrictions on leasing out the unit. This meant that our client was suddenly faced with the dilemma of either having an income property that could prove hard to lease or cut loose, capitalize on the seller’s market conditions and sell the property as part of a 1031 tax deferred exchange. Happily, we were able to generate multiple offers and ensure that she was able to control the time frames so that she could parlay the proceeds from this condo income property into a single tenant, net leased Triple Net deal. NNN deals are a whole different conversation for a different blog, but we’ll get to that!