1427 15th Street

Court-Appointed Receiver. $300K More Than Anyone Else Got.

This building sat on the market for a full year with another broker. Best offer in twelve months? Over $300,000 less than what we got. The property went into receivership, the court appointed a receiver, and the receiver hired us. We put together a real marketing strategy, brought in qualified buyers, and created competitive tension that the previous listing never had. Final sale price was more than $300K above the best offer from the entire prior year. The receiver got the result the court needed, and the creditors got made whole.

Transaction Highlights

• On the market a full year with another broker. No deal.
• Final price exceeded prior best offer by $300K+
• Listed for the court-appointed receiver
• 10 units in Santa Monica. New marketing strategy changed the outcome.