Edward's Sales
Home Ed's Sales cont.

 

    
Foreclosure home in Los Angeles.  In January of 2003, I represented the buyer, who bought this for $130,000.  He fixed it up and sold it for $185,000, a nice gain for 2 months worth of investing.
7 Units in Hawthorne.  In January of 2003, I locked this deal for a client of mine.  There were 26 offers on the property, but I was persistent, and went $10,000 above asking price to lock the deal for my client.  We got this for $585,000 at a 7.7 GRM, great for the South Bay!  He just put this one back on the market after 7 months, and we have several offers over $765,000.... wow!
Home in Walteria.  In February of 2003, I represented the buyer on this deal.  I submitted an offer within' seconds of the property being listed on the MLS.  This is a strategy I often use, I call it, "First in the door and slam it shut!"  It has worked for my clients brilliantly this year.  My client paid $435,000 for this beauty, which is already worth about $510,000.
Home in Gardena.  In February of 2003, I represented the buyer on this 2 bedroom 1 bath house on a 8,000 square foot lot.  My client paid $245,0000 and this property is already worth $305,000.
12 Units in Los Angeles, non-rent-control.  In April of 2003, I represented the seller on this deal.  My client bought the property a few months before for $560,000 and sold this one for $650,000.  A nice days work.
8 Unit REO in Los Angeles.   In June of 2003, I was first in the door again on this one. I locked the deal for my buyer at $241,000 at a 6.7 GRM.  He has this one at a 4.8 GRM for himself.  We recently received several offers on this same property for $419,000.
4 Units in Los Angeles, non-rent-control.  In June of 2003, I represented the seller on this one.  My client bought this property for $215,000 and we sold it for $370,500.  Easy money on the gravy-train.
9 Units in Los Angeles.  In June of 2003, I represented the buyer and the seller on this one.  For the seller, he bought the property a few months before for $280,000.  I negotiated a price that would be fair so both parties could make money and we sold it for $400,000.  The buyer has the property at a 7.9 GRM and he's cash-flowing.
21 Units in Los Angeles.  A 5.5 GRM building!  I found this one while I was in the Amazon Jungle of Peru, in March, and my Broker bought it immediately.  We closed escrow on it in August of 2003.  He paid $650,000 and he's making some huge bank on this one.  I need to take vacations more often!
14 Units in Long Beach at a 7.8 GRM for $650,000, non-rent-control.  In May of 2003, I found this one on the Loopnet.  I made an offer on it within seconds, but this time there were already 7 other offers on the table.  I kicked up my offer $10,000 and blew the others offers away.  I locked the deal for my buyer and his building is now worth about $850,000 at a 5.5 GRM in Long Beach no less!
Foreclosure home in Los Angeles.  I represented the buyer on this one.  I locked this deal at $138,000, about $35,000 under market value.  We closed escrow in July of 2003 and this property is already worth over $200,000.
14 Units REO in South Central Los Angeles, non-rent-control.  I really love this area, I feel that this is the new hot-bed for Los Angeles Real Estate.  I found this one and told my Broker Steve, that this was an incredible deal and he should buy it.  In August of 2003, I wrote the offer, and again, I was first in the door and we got it for $550,000.  Steve is currently at about a 5.6 GRM, not a bad days work.
3 Units in Los Angeles.  In September 2003, I represented the seller on this deal.  My seller bought this one for $160,000 and we sold it for $280,000.
3 Units in Los Angeles, non-rent-control.  I represented the buyer on this deal.  I got the first offer on the property and in November 2003, we closed it.  My buyer paid $321,000 for this property and he already has it sold for $380,000 in one month.  He's even cash-flowing at a 8.7 GRM.
3 Units in Los Angeles, non-rent-control.  This is the sister-property of the one listed above.  I got this deal by tracking down the owner and telling him that I had a buyer for the property.  I locked it for my buyer at $315,000 and we closed in November 2003.  My buyer is cash-flowing at a 7.8 GRM.
12 Units in Los Angeles.  I helped the seller, a friend of mine, by posting this one on Loopnet.  I had it sold for him in a couple of days.  We closed on this one in November.  He bought the property for $86,500 and sold it for $565,000, nice bank, pardner!
11 Units in San Pedro, non-rent-control.  I represented the seller on this deal.  He originally bought this property for $409,500 about 4 years ago and we sold it for $1,375,000 and that my friends is how we make money in real estate.  My seller said if we could get near 1.3 million he'd be happy, but I got him multiple offers at $1,375,000, I have to pat myself on the back for this one!  Closed in January of 2004.
Condo in El Segundo.  I found this one, because I was farming the complex looking for sellers and I found one.  I got the offer in immediately and represented the buyer on this one.  This one went for $360,000, about $40,000 under-market value, not bad for the great El Segundo!  Closed in January of 2004.
Remember this one.  7 Units non-rent-control in Hawthorne.  My client bought and closed escrow on in March of 2003.  I represented him on the buy and now I represent him on the sale.  He originally paid $585,000 for this beauty and now we have it sold after only about 7 months for $832,000, and that is the beauty of real estate... making bank!  Closed in May of 2004.
10 Units in South Central Los Angeles for $575,000, non-rent-control.  My client just bought this property for $415,000 and I already have verbal offers at full price.  I will represent both the buyer and seller on this one.  There is a lot of upside on this one!  You will be able to have this one at a 6.9 GRM, and that's great cash-flow in South Central Los Angeles, I love it there!  Closed August of 2004.
10 Units in South Central Los Angeles for $550,000, non-rent-control.  My client just bought this one for $415,000.  I will represent both the buyer and seller on this property.  There is a lot of upside for both sides on this one.  It will be at about a 7.2 GRM.  Closed in May of 2004.
8 Units in Watts.  My client just bought this one for $415,000 and he will be selling it for $600,000.  Due to close in August of 2004.  This property will be at a 7.8 GRM and will cash-flow nicely.
6 Units in Los Angeles, non-rent-control.  My client bought this one for $225,000 and has already received an offer at $339,000.  Many improvements on this one. Closed in March of 2004.
This one was bought and sold several times, for a profit of $225,000.  Closed in September of 2004.
My client bought this one in South Los Angeles for $550,000.  He closed in May of 2004.  He will put it back on the market for $650,000, is this better than the stock market or what?
This beautiful home in Gardena was purchased for about $100,000.  Sold for $355,000. Closed in March of 2004.
We sold this 8 unit building for $415,000.  It was originally purchased in Foreclosure for $241,000, not a bad return.  Closed in May of 2004.
Here is the same Duplex in San Pedro that my client bought for $320,000.  He just put $25,000 into it, and now has it SOLD for $485,000, not a bad investment.  Closed in February of 2004.
This Duplex, my client purchased in San Pedro for $320,000.  It's a complete fixer, but this guy is the best I know at fixing and flipping.  Look at the amazing work he did here.  Closed in September of 2004.
This is a Beauty.  My client bought this 15 unit building near South Los Angeles for $605,000 and 7 months later, we're on the market for $895,000, that is quite a gain.  
5 Units in Los Angeles.  My client bought this one for $45,000, many moons ago and now he has an offer at $490,000, what a great investment!
11 Units in Long Beach.  My client bought this one for $895,000, it was about 9.4 GRM, unbelievable considering the market we are currently in.   A very good deal.  Closed in June of 2004.
20 Units in Wilmington.  My broker Steve, originally bought this one for around $450,000, we now have an accepted offer from one of my clients for $1,040,000.  That is a $590,000 profit, that is what we call smart real estate 101.  My client has plans to make each one bedroom unit into 2 bedrooms. Closed in November of 2004.
My client Just closed escrow on this one at the end of June of 2004.  As you know, he purchased this one for $550,000 and I just brought him an offer in August for $670,000, a $120,000 profit in 1.5 months.  The owner is currently considering the offer.
My client just bough This 4 unit beauty off Nadeau St., in South Los Angeles.  All 2/1's non-rent-control.  She bought this way under market.  I find the deals baby!  Cost $371,000, due to close 10/1/04.
My client just bough This 4 unit beauty off Nadeau St., in South Los Angeles.  This property is next door to the one listed above.  All 2/1's non-rent-control.  She bought this one for the same price as the one next door.  I locked these fast! Cost $371,000, due to close 10/1/04.
My client bought this triplex for $350,000 off 83rd St., completely vacant, so immediately he can get market rents.  This will still cash-flow greatly with only 10% down.  Closed in November of 2004..
I found my client this home in Redondo Beach.  This house is absolutely spotless, in like-new condition.  We just did the inspection and the inspector said this is one of the best properties he's seen in a while.  Felton in Redondo Beach, Purchase Price $590,000.