$35 Million Just Closed in 605 Corridor By Chris Keramati
Triqor Group presents the recent closings of approximately $35 million worth of apartments in the 605 Corridor. Managing Partner, Chris Keramati, successfully represented both buyer and seller of the Madison Apartments and Emerald Crest / Maria Capri Apartments in Paramount, CA as well as The Embers in Downey, CA and Belshire Apartments in Norwalk, CA. Triqor’s targeted marketing strategy generated multiple competitive offers on all of the properties. Key deal notes are below.
- The Embers – is a 58-unit, well-maintained community in highly desirable North Downey, in close proximity to Downey Landing and the newly developed Promenade at Downey. Built in 1962, the property offers a great mix of mostly large 2-bedroom units. Chris Keramati was able to secure a buyer willing to accommodate the seller’s 1031 exchange timetable.
- Madison Apartments – is a late 60’s constructed, 37-unit community in Paramount, CA. For the first time on the market in 40 years, Chris Keramati was able to assist the sellers in receiving multiple competitive offers and secure a buyer willing to close quickly.
- Emerald Crest / Maria Capri – is a 32-unit portfolio in Paramount, CA. The properties are virtually identical with each consisting of 16-units and majority 2-bedroom units. The buildings are conveniently located on the same street just a few parcels away from each other. Chris Keramati was able to find a buyer to purchase both properties and close escrow simultaneously.
- Belshire Apartments – is a 19-unit property in Norwalk, CA, built in 1987. The property offers large two- and three-bedroom two-story townhouse units with attached two car garages. Chris Keramati was able to generate multiple offers and close escrow within 1% of the list price.