Your Trusted Los Angeles Apartment Broker

The sale runs in order: a valuation grounded in current rents and comparable closings, a decision on how the building goes to market, then offers, escrow and close. Most of the work happens before a buyer ever sees the property: assembling the rent roll and operating statements, clearing title and permit questions, and setting a price the market will actually support. The Jordan Group runs that sequence for owners across Los Angeles.

Multifamily value is read three ways at once: the capitalization rate implied by the building’s net operating income, the price per unit against recent comparable sales, and the gross rent multiplier. Buildings whose rents sit well below market trade partly on the upside a buyer can eventually capture, not only on today’s income. A credible number starts with a current rent roll and trailing operating statements, and prices off closed sales, not asking prices.

Most older buildings in the City of Los Angeles fall under its Rent Stabilization Ordinance, commonly called LARSO, which governs how much rents may rise and how a tenancy may end. For a seller it shapes both the buyer pool and the price: investors underwrite a stabilized building on in-place income and on how long it may take to reach market rents. Knowing exactly which units are covered, and proving it with records, protects value in escrow.

Measure ULA is a City of Los Angeles transfer tax on higher-value property sales. It is charged against the gross sale price rather than against profit, so it can apply even when a sale produces little or no gain. Its thresholds, rates and exemptions are set by ordinance and have been subject to change, and property outside city limits is treated differently. Whether it reaches your building belongs in the pricing conversation before you go to market.

A 1031 exchange lets an owner reinvest sale proceeds into other investment real estate and defer the gain rather than recognize it. It runs on strict identification and closing deadlines administered by a qualified intermediary, and the clock starts the day the sale closes, which is why the replacement search should begin before the building goes to market, not after. Your CPA and accommodator set the rules; the broker keeps the timeline achievable.