How to Find 1031 Exchange Properties for Sale
A 1031 exchange gives you 45 days from the sale of your relinquished property to identify up to three replacement properties — and 180 days to close. The clock starts the moment escrow closes on your sale.
Understanding the Timeline
- Day 0: Relinquished property closes
- Day 1–45: Identification period — you must formally identify up to 3 replacement properties in writing
- Day 46–180: Exchange period — you must close on at least one identified property
What Properties Qualify?
Under IRC Section 1031, the replacement property must be "like-kind" — meaning any U.S. real estate held for investment or business use. You can exchange an apartment building for a commercial property, raw land, or another apartment building — the asset classes don't have to match exactly.
Strategies for Finding Replacement Properties
- Work with a specialist: Samimi CRE Advisors maintains an active database of available properties and has off-market access that listed properties don't.
- Be flexible on type: If multifamily is tight, consider DSTs (Delaware Statutory Trusts) as a passive 1031 replacement option.
- Start early: Ideally, begin identifying replacement properties before your sale closes to avoid deadline pressure.
If you're planning a 1031 exchange in LA County, contact Samimi CRE Advisors now. We've helped dozens of clients successfully complete exchanges while maximizing their replacement property value.