Selling · 50-unit
Selling a 30–100 Unit Apartment Building in Los Angeles
30+ unit LA apartment buildings trade primarily to institutional capital — private equity, REITs, family offices, and syndicators with committed equity. The sale process is more formal, the underwriting more rigorous, and the timeline more predictable than smaller product.
Buyer profile
Institutional and semi-institutional. Private equity funds, REITs (both public and non-traded), family offices with dedicated real estate teams, and experienced sponsors syndicating LP capital. All bidders operate on written IC memos and stress-tested underwriting.
Financing patterns
Full agency (Fannie DUS, Freddie Optigo) at best-in-class terms, or CMBS for higher-leverage sponsors. Institutional buyers frequently underwrite multiple debt scenarios and select the one that maximizes their equity IRR. Assumable existing debt at below-market rates commands real premium.
Typical timeline
120–180 days from listing to close. Structured marketing period (BOV, teaser, CA, OM, tours, best-and-final). Due diligence 30–45 days with third-party engineering, environmental, and market studies. Escrow 45–60 days for agency close. Institutional buyers execute predictably against defined milestones.
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