832 N Edinburgh Avenue
The Tuvia Group negotiates low tenant buyout with ongoing disputes and more.
Jason Tuvia and Nick Mejerski just closed on a ten (10) unit apartment building in the Melrose submarket of Los Angeles for $2 million or $200,000 per unit, $420.88 per square foot. There were multiple legacy tenants under Los Angeles rent control with one paying only $260, and tenants claiming habitability issues with non-payment of rent. Another tenant was seeking over $25k in damages from the Seller with ongoing housing disputes. Tuvia’s team negotiated a much lower $10k buyout to have the tenant vacate. The certificate of occupancy was another challenge as it only showed 8 out of the 10 total units. Again, Tuvia’s team persevered and negotiated with the City as there were other permits revealing a discrepancy within the City’s records.
Testimonial
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“I had a 10 unit apartment house in Los Angeles for many years. For a few reasons it was time to sell. Nick Mejerski has been calling me for years for me
to put apartment up for sale. I finally wanted to sell. I contacted Nick and we talked about income of building and his company, Marcus and Millichap, and came up with a figure. Within days Nick set up an open house with many prospective buyer showed up. I had an offer right away. There was a problem with sale of
apartments, I had one tenant who did not pay her rent and demanded a large sum of money to vacate. New buyer would not close escrow till apartment was vacated.
Nick negotiated a much lower [tenant buyout] price for me. There was an issue with the City Housing Department. Their records showed there was only 8 units in
the building. Nick worked tirelessly to fix the problem. This made new buyer back on track to close escrow. Throughout the whole listing to closing escrow Nick always
answered all my calls, texts, and emails very promptly. Nick and his associate Jason Tuvia were 100% professional
in the sale of my property. I would without hesitation recommend TUVIA GROUP to sell your property.”
- Keith Kaplan
