Prosser Stevens Closes 24th 2013 Multifamily Transaction in LA

Prosser Stevens Real Estate Investments, the leading multifamily team at Keller Williams Commercial, announces 24 closed transactions in Los Angeles to date in 2013. The team ranked #1 in KW Commercial multifamily sales in 2012 and has already surpassed last year's sales!

Online PR News – 07-September-2013 – Los Angeles, CA – Prosser Stevens Real Estate Investments, the leading multifamily team at Keller Williams Commercial, announces 24 closed transactions to date in 2013.

“Our team’s success originates and expands from setting strategic goals, working with coaches and tracking our progress often,” said Stevens. “We intentionally manifest a proactive, fun and self-aware mode of operations for our entire team. Client relationships are paramount and I believe our client service sets us apart. We strive to always be learning - about the industry, the economic landscape, our clients and ourselves.”

Prosser Stevens’ success was recently featured in Keller Williams’ national magazine. See the feature story here:

Notable closed transactions in 2013 include:

- 26 Unit, 435 S. Mariposa, Los Angeles, 90020 – Koreatown
Listed for $4,185,000. Sold for $3,950,000
The story: Prosser Stevens represented the Buyer and Seller in this exclusively listed 26-unit building. After launching a comprehensive marketing campaign, the team received 8 offers.

- 26 Unit, 5703 La Mirada, 90038 – Hollywood
Listed for $3,795,000. Sold for $3,811,500 (Sold above asking!)
The story: Prosser Stevens exclusively listed this 26-unit apartment building and received 17 offers during the marketing period. Prosser Stevens represented the most competitive buyer and closed the transaction ABOVE listed price. Located two blocks south of Sunset and west of Western, the large corner lot totaled nearly 15,000 sq. ft.

- 29 Unit, 1539 N. Bronson, 90028 – Hollywood
Off-Market Transaction. Sold for $4,060,000
The story: The Seller needed to trade out and this property offered the Buyer approximately 33% rent upside potential, plus an impressive development opportunity with a half-acre lot zoned LAR4 in Hollywood.

- 17 Unit, 1422 Tamarind Ave, 90028 – Hollywood
Listed at $2,900,000. Sold for $2,900,000 (100% of listed price)
The story: The Seller acquired this property as part of a portfolio purchase about a year ago and completely renovated the building. Prosser Stevens procured several offers and sold at 100% of asking price!

- Double Lot in Beachwood Canyon: Historic Single Family Home + 8 Unit Apartment
2608-2616 Beachwood, 90068 – Hollywood Hills
Listed at $3,250,00. Sold for $3,125,000 (96.2% of listed price)
The story: Since the sale was contingent on selling both lots as a portfolio, Prosser Stevens had to find a needle-in-a-haystack buyer to purchase both a single family house and an 8-unit apartment building. The team launched a comprehensive marketing campaign and received multiple offers. The double lot sold at 96% of listed price. Prosser Stevens is assisting the Seller in finding a trade-up property to complete a 1031 exchange.

- 22 Unit, 5945 Arroyo Drive, 90036 – Highland Park
Sold for $2,950,000
The story: Prosser Stevens presented this as a stellar replacement property for the Buyer's 1031 Exchange. The 22-unit property is a non-rent control building with terrific cash flow and a great unit mix.

In 2012, Prosser Stevens ranked #1 in KW Commercial multifamily sales. The team has already surpassed last year’s sales.

With an exclusive focus on multifamily investment properties, Prosser Stevens offers tremendous value to its clients with unique knowledge of the Los Angeles real estate market and an extensive network of contacts. The team’s average selling price is approximately 99% of listed prices, thanks in part to superior marketing efforts targeted to local investors and throughout the brokerage community.

About Prosser Stevens Real Estate Investments
In 2011, two top-producing multifamily brokerage groups merged to create Prosser Stevens. Combined, Kenny Stevens and Heidi Prosser have more than 20 years of experience specializing in the sale of multifamily properties throughout the greater Los Angeles area.

The team operates under the national umbrella of Keller Williams Commercial and is located in the Santa Monica office. In addition to six client-service driven Real Estate Agents, the Prosser Stevens team includes a Marketing Manager, an Analyst and a Transaction Coordinator; the team delivers impeccable client service from listing through escrow to closed transactions.

About Keller Williams
Founded in 1983, Keller Williams Realty, Inc. is the largest real estate franchise in the United States, with nearly 700 offices and 80,000 associates. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners.

Print ready photography of Stevens & Prosser, plus the Prosser Stevens team available upon request. Kenny Stevens bio and a list of 2012-2013 closed transactions available.

Media Contact:
Katy Pollock, Marketing Manager
Prosser Stevens Real Estate Investments
(310) 482-2209

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