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JUST SOLD: 6 Units in Los Angeles Closed in 7 Days!

6320 Brynhurst Ave in Los Angeles, Ca. Having represented the seller and buyer, NOHCO Real Estate in partnership with MW Real Estate Group successfully closed escrow on this 6 unit bungalow style property South Los Angeles in the Hyde Park neighborhood near the LAX/Crenshaw Metro Line. Through our proven process and marketing efforts, we were able to procure multiple qualified offers and close escrow at full list price.  The winning …Read More

Types of Commercial Loans

A variety of agencies participate in lending on commercial properties by insuring loans originated and (sometimes) serviced by approved lenders. Some of these agencies are managed by the government, while others merely enjoy certain governmental assistance such as tax deferment or exemption. Each agency defines a range of commercial loan programs for different commercial real estate property types, loan amount ranges, and funding purposes. SBA Loans The Small Business Administration …Read More

Just Leased: Long Beach Maytag opens in Lakewood, Ca.

Congratulations to Long Beach Maytag for opening their doors to their appliance service and sales location in the City of Lakewood, Ca.  Gayle Beckman, owner, has signed a 3 year lease and will be relocating her business in mid-February.  With approximately 750sf of prime retail space, LB Maytag will be joining a center already anchored by Taco Bell, Baskin Robbins, and State Farm Insurance. Long Beach Maytag is a family-owned-and-operated household …Read More

Just Sold: Owner/User Office Building in Silverlake

2820 Glendale Blvd., Los Angeles, Ca 90010 Having represented the seller, NOHCO Real Estate successfully closed escrow on the office building in Silverlake.  Built by the famous architect AC Martin, this was a unique and rare opportunity to acquire a prime owner-user property in a trendy neighborhood. With our creative marketing strategies, we were able to procure multiple offers and close escrow at full list price. Currently, the seller is …Read More

What are 1031 Exchanges?

To understand the powerful protection a 1031 exchange offers, consider the following example: An investor has a $200,000 capital gain and incurs a tax liability of approximately $70,000 in combined taxes (depreciation recapture, federal and state capital gain taxes) when the property is sold. Only $130,000 remains to reinvest in another property. Assuming a 25% down payment and a 75% loan-to-value ratio, the seller would only be able to purchase …Read More