221 Lake Shore Terrace, Los Angeles, CA 90026
Description
As the Buyer’s representative, Maher Commercial Realty was able to underwrite this as a pro forma 15% cash-on-cash return in year one after acquisition. The subject property included one vacant unit as well as a legal storage unit and two-car garage (both convertible to ADU’s). This was an upleg to a 1031 exchange in which MCR was able to help the Buyer move their funds into a superior asset class, superior location, and a vision for an exponentially higher return on equity within one year of ownership.
Sale Price: $965,000
Number of Units: 3
Building Size: 1,810 Sq.Ft.
Lot Size: 4,773 Sq.Ft.
Price Per Sq.Ft. (Building): $533.15
Zoning: LAR-3
Parking: 2-Car Garage and Carport
Address
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Address 221 Lake Shore Terrace, Los Angeles, CA 90026, USA
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Country United States
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Postal code/ZIP 90026
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Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093