Los Angeles, CA August 12, 2025– Maher Commercial Realty is pleased to announce the successful sale of a value-add 8-unit apartment building located in the heart of East Hollywood, just blocks from Virgil Village, Silverlake, and minutes from Los Feliz and Hollywood.
The subject property features eight one-bedroom, one-bathroom units across two buildings totaling approximately 5,624 square feet, situated on a 6,970 square foot lot. Strategically located in one of Los Angeles’ most dynamic and evolving neighborhoods, the property presented a rare opportunity for repositioning in a high-demand rental market.
This transaction marked the culmination of a complex and highly coordinated effort. Maher Commercial Realty successfully negotiated the termination of a long-term master lease with APLA Health, enabling the delivery of the building free of encumbrances. The sale also required careful navigation of California’s Right of First Refusal (ROFR) process, which involved outreach to over 1,000 qualified affordable housing providers.
Further complicating the transaction were longstanding affordability covenants and loan agreements with both the City of Los Angeles and the State of California. Maher Commercial Realty worked diligently to coordinate the full release and termination of these restrictions, clearing the path for a market-rate sale.
Through a targeted marketing and bidding campaign, the firm generated strong interest and multiple offers. An all-cash buyer was ultimately secured, demonstrating both patience and commitment throughout a 1.5-year escrow period—during which the property’s vacancy increased from two to four units, adding additional complexity to the closing process.
Oron Maher of Maher Commercial Realty represented both the buyer and the seller in the transaction, ensuring a smooth and balanced negotiation process that resulted in a successful outcome for all parties involved.
Maher Commercial Realty continues to lead in commercial real estate sales, leasing, and investment strategies throughout Los Angeles. With a keen understanding of market trends and a vast professional network, the firm delivers exceptional outcomes for property owners, investors, and developers.
