The Glaser Group is a highly specialized multifamily advisory group, serving clients across the Greater Los Angeles market. We are a team of commercial real estate professionals providing the very highest level of brokerage services to multifamily owners and investors. We have deep-rooted connections to the major players in the LA apartment market, and we are experts in property valuation & analysis, sales, acquisition, development & 1031 exchanges. The Glaser Group is supported by a full service deal-support staff, and we take team approach to all of our assignments. The Glaser Group is a partner of Lyon Stahl Investment Real Estate, the premier brokerage for multifamily real estate in Los Angeles and the surrounding areas. Lyon Stahl is a multifamily-first brokerage, but our service lines extend across conventional apartment properties, condo developments and conversions, luxury single-family homes, student housing and residential income development land. We are also partners with Convoy Capital, offering world–class debt and structured financing services to our clientele.
External link for Glaser Group
2029 Century Park E
Suite 1370
Los Angeles, California 90067, US
Glaser Group reposted this
It's been an amazing start to the year with $43.2MM personally closed and in escrow through June 2024. Plus, agent rankings were released and I'm currently the #4 agent at Lyon Stahl for the first half of the year! Super proud of the work I've been putting in and excited to make 2024 my best year in brokerage yet 🚀
Congrats to Spencer on another great closing!
JUST CLOSED: $2,600,000 Deal Story with Jake Glaser... The Glaser Group is pleased to announce the successful closing of 6315 Telegraph Ave, a fantastic 15-unit mixed-use investment property located in North Oakland, CA. This is the first time this beautifully maintained, Berkeley adjacent, income property was introduced to the market after many decades under the same ownership. Primed for an investor to capitalize on this well located mixed-use property, it features a fantastic mix of (8) 1-bed 1-bath units, (4) 2-bed 1-bath units, (1) 4-bed 2-bath master unit, and (2) ground-floor retail spaces currently occupied by a reputable acupuncturist and a popular hair braiding salon. Spanning a generous 10,422 square feet of living space on a 7,013 square foot lot, this investment was ideal for an investor looking to capitalize on a well-positioned mixed-use building. Although our team is not local to the Oakland area, our client was looking for an experienced team with a niche expertise in complicated multifamily transactions. The property came with major dry-rot issues on the cantilevered sections of the 2nd and 3rd floor rear balconies, deeming the building essentially uninsurable and un-lendable to most providers out in the market place. Additionally, the building had old Zinsco electrical panels & circuit breakers from the 70s, which have since been recalled in mass, leading to further insurability hurdles. Given the issues at hand with the property, our team knew a creative solution would be necessary to make the deal happen. By structuring attractive seller financing at 8% interest-only for a 12-month period, we were able to earn our clients an additional ~$150,000 in interest income while providing the buyer the time he needed to complete the necessary repair work post-closing. Once both partiers were able to come to terms on the seller carry-back, we were able to close escrow within 7 days. The buyer plans to utilize the year of seller financing as private bridge debt so that he can stabilize & repair the asset, and then re-insure and refinance it once the work is completed. Our clients received a stepped-up basis upon inheriting the building from their parents, so they plan to just cash-out and enjoy the fruits of their family's labor! If you're interested in exploring a similar sale, please shoot us an email or call us at 310-259-2181.
Glaser Group reposted this
Another happy client after we quickly pieced together the complicated sale of a mixed-use asset in Oakland, CA! 🔥 This specific property presented multiple issues around repairs and insurability, but we were able to structure favorable owner financing for our sellers, closing just 7 days after coming to terms. Congrats to our sellers and to Spencer Chan on another great closing. Read the full testimonial here: https://lnkd.in/gaTFiGAB
Glaser Group reposted this
🚨 UNDER CONTRACT - We're officially non-contingent on our 7-unit in Pico Robertson. Delivered with 2 vacancies at an aggressive cap rate. Closing details to come soon! Reach out to me or email jake@lyonstahl.com if you're interested in selling a similar building. #multifamily #realestate #realestateinvesting #apartments #cre #commercialrealestatebroker #commercialrealestate #1031exchange #propertyinvestment #investing #brokerage #california #investor #cashflow
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🚨 ASSUMABLE LOAN ALERT: 4.7% Interest-Only Through Aug 2027! We just listed a great value-add multifamily opportunity in Inglewood, CA with an assumable chase loan for 3+ years at 4.7% interest-only. This eight unit mid-century property sits on a huge lot and offers a mix of one-bedroom and two-bedroom units. Perfect ADU play in the carports, storage room and detached garages. — 713 Edgewood St, Inglewood, CA 90302 * 8 Units Built in 1972 * 6,220 Total SqFt; units average 778 SqFt each * Solid mix of (6) 1+1 and (2) 2 +1 units * Huge R3 lot, almost 9,000 Square Feet * Fully parked with eight spaces * New sewer mainlines and updated electrical * Assumable Chase loan at 4.7% interest-only thru Aug 2027 * Fully occupied with approximately 17% upside * Ability to add 3-4 ADUs on property (Buyer to verify) * Prime Inglewood location * Extensive interior renovations in 4 of the 8 units * Just 2 miles from SoFi Stadium & Intuit NBA Arena Co-Listed with Taylor Avakian at The Group CRE. DM us for more info! #multifamily #realestate #realestateinvesting #apartments #cre #commercialrealestatebroker #commercialrealestate #1031exchange #propertyinvestment #investing #brokerage #california #investor #cashflow
We love to see another happy client after our most recent closing in West Hollywood 🔥 This was an all-cash deal within $50K of list price that took just 5 weeks from start to finish! #multifamily #realestate #realestateinvesting #apartments #cre #commercialrealestatebroker #commercialrealestate #1031exchange #propertyinvestment #investing #brokerage #california #investor #cashflow
Glaser Group reposted this
🚨 JUST LISTED - 6729 Fulton Ave, Van Nuys - $1,320,000 We just listed a great value-add multifamily opportunity in Van Nuys in the Valley. This six unit mid-century property offers a mix of one-bedroom and two-bedroom units, and there's a newly landscaped private and gated front yard. Rents are significantly below market with over 60% upside! — 6729 Fulton Ave, Van Nuys, CA 91401 * 6 Units built in 1956; 0.13 Acre LARD1.5 Lot * Over 60% upside on the current rents * 4,416 SqFt Property; Units average 736 Sqft Each * Great mix of (4) 1+1 and (2) 2+1 units * Some copper plumbing installed; new exterior paint * Many recent upgrades include new shower tiling and enclosures, and newly landscaped garden & patio * Each unit has its own hot water heater & garbage disposal; 75% of windows replaced recently * Upstairs units feature charming open beam ceilings * Carports at rear of building with one parking space and storage unit per unit * On-site laundry room currently being used as owner storage * Solid Van Nuys Location off Vanowen St & Fulton Ave DM us or email jake@lyonstahl.com for more info! #multifamily #realestate #realestateinvesting #apartments #cre #commercialrealestatebroker #commercialrealestate #1031exchange #propertyinvestment #investing #brokerage #california #investor #cashflow
Glaser Group reposted this
SALE Learn More: https://lnkd.in/g2VvBQKq IMAGE: Lee Mintz & Jake Glaser DATE: 06/17/2024 ADDRESS: 1146 North Formosa Avenue MARKET: West Hollywood ASSET TYPE: Multifamily BUYER: Ann Labe SELLER: Dana Waldhorn BUYER'S REP: Lee Mintz - Compass SELLER'S REP: Jake Glaser - Lyon Stahl Investment Real Estate SALE PRICE: $2,250,000 UNITS: 8 ~ PPU: $281,250 SF: 6,856 ~ PPSF: $328 NOTE FROM SELLER'S REP: The Glaser Group represented the Seller on this 8-unit value add apartment building, which was purchased all-cash with a 30-day escrow for a 3.96% Cap Rate & 15.25 GRM. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #TradedPartner #WestHollywood #Multifamily #LeeMintz #Compass #JakeGlaser #LyonStahlInvestmentRealEstate #DanaWaldhorn #AnnLabe
Glaser Group reposted this
✍ Just Closed - 1146 N Formosa Ave in West Hollywood - $2,250,000 Persistence pays off! This was the first LA multifamily client that I ever met in-person when I first got into the business. After years of staying in touch and consistently adding value, I was ultimately hired to sell their 8-unit in prime West Hollywood. This was the first time the building was marketed in 46 years! Within 2 weeks of taking on this listing, our team was able to generate an all-cash offer from the owner of one of the adjacent lots, executing on a smooth 30-day escrow. Despite low rents and high interest rates, we were able to achieve multiple all-cash offers and an extremely aggressive closing price. The final closing metrics were a 3.96% cap rate and 15.25 GRM, which you don't see too often these days. __ Investment Highlights: Type: Multifamily Units: 8 Approx SF: 6,856 Price/SF: $328.18 Price/Unit: $281,250 Cap Rate: 3.96% GRM: 15.25 — DM us or email jake@lyonstahl.com if you're interested in selling a similar building!
Glaser Group reposted this
🐔 JUST LISTED - Church's Chicken in South Central - 257 E Vernon Ave - $1,200,000 Absolute NNN Church's Chicken location vacating 12/27/24. Perfect 0.24 acre lot in South Central prime for redevelopment, both for another fast food / QSR tenant or multifamily community. Site is 10,305 SqFt and ED1 eligible with unlimited density allowances and expedited approvals. Hard signalized corner in extremely dense infill location. -- * Restaurant site built in 1969 * 10,305 SqFt corner lot; 0.24 Acres * Zoned LAR3 with Tier 3 TOC, multifamily residential. * ED1 Eligible Unlimited Density w/ Expedited Approvals (Buyer to verify) * Signalized hard corner in South Central * Occupied by large national credit tenant Church’s Chicken until 12/27/24 * Dense infill location with large traffic counts * +/- 12 residential units by right, +/- 22 units with TOC, or 75+ units via Unlimited Density with an ED1 100% Affordable Project (Buyer to verify) * At $116/SF of land, no RSO obligations, no relocation fees, and no Ellis Act requirements * Solid rental income of $4,976/mo through end of 2024 calendar year; Absolute NNN lease * Only restaurant in immediate location * Corner of San Pedro St & Vernon Ave DM me for more info. #multifamily #realestate #realestateinvesting #apartments #cre #commercialrealestatebroker #commercialrealestate #1031exchange #propertyinvestment #investing #brokerage #california #investor #cashflow