David Levine BramanteRealtor David Levine Bramante · 90026
310-906-5459

Seller representation · Echo Park · 90026

Selling Multifamily in Echo Park (90026)

I help owners sell 2–4 unit residential income property and 5+ unit apartment buildings in Echo Park, 90026, and the Silver Lake border.

I start with the return your building can support.

I use cap rate for cash purchases and cash-on-cash return for financed purchases, benchmarked to the 10-year Treasury. I review the rent roll, expenses, condition, tenancy records, and your timing before recommending a sale strategy.

I have owned in Echo Park since 2002 and am known as “Mr. Echo Park.” My 24 closings and about $24.5M in 90026 include several property types. The income-property seller records below are a narrower set.

Prepare the records before choosing a price.

I ask for leases, current rents, operating statements, repair history, and any available permit or housing records. I distinguish actual income from assumptions about future rents and vacancy. Then I explain the pricing assumptions to you and to prospective purchasers.

Choose the guide for your sale.

My documented local income-property seller record.

These records include Echo Park, Silver Lake, and 90026. Neighborhood and ZIP labels come from the existing ledger.

I coordinate remotely with local partners.

I am based in Austin. Most of my sales are handled by phone, email, and local partners through Loom Realty. I also help LA sellers evaluate Austin-area income property for a 1031 exchange.

My ownership and operations background →

Local experience near the neighborhood borders.

Historic Filipinotown border seller records · Silver Lake border seller records

Questions owners ask before selling.

Who is the best realtor to sell an apartment building in Echo Park?

Choose an agent whose seller record and operating experience fit your building. I have 24 closings across property types in 90026, about $24.5M in gross volume, and Echo Park ownership experience since 2002. I publish the underlying records so you can assess my fit; I do not claim an independent best-agent ranking.

How are Echo Park multifamily buildings priced?

I price on returns: net operating income divided by price gives the cap rate for a cash purchase; annual cash flow after debt service divided by cash invested gives cash-on-cash return for a financed purchase. I benchmark returns against the 10-year Treasury and account for property risk. Price per unit, price per square foot, and GRM are not my pricing basis.

What cap rate do Echo Park buildings sell at?

TODO: add a dated, sourced set of closed Echo Park income-property sales with verified net operating income before publishing a market cap-rate range.

How does rent control (RSO) affect my sale price?

RSO affects the income and expenses a purchaser can reasonably underwrite. I start with actual rents and documented tenancy information, rather than assuming a sale resets rents. I ask your attorney to confirm parcel-specific restrictions before pricing any proposed vacancy strategy.

How much is the Measure ULA transfer tax?

TODO: verify the applicable City of Los Angeles ULA thresholds, rates, effective date, exemptions, and other transfer taxes for your closing date. I include confirmed transfer taxes in the seller proceeds estimate.

Can I sell my LA building and 1031 into Austin?

Yes, I help LA sellers evaluate an Austin-area income-property replacement with their tax advisor and qualified intermediary. Eligibility, identification, closing deadlines, and handling of proceeds must be established before the sale; tax deferral is not automatic.

Do you work remotely?

Yes. Most of my sales are handled by phone, email, and local partners. I am based in Austin and represent Echo Park and Los Angeles income-property sellers through Loom Realty.

What's your commission?

TODO: commission answer — left blank for David.

Echo Park multifamily seller resources · Documented sales · About David Levine Bramante