The Bogie Group

Q3 in the books!

Thank you to our clients, colleagues and partners for another strong quarter. As we head into Q4, we're watching the market closely and are here to help you plan your next move.

Thinking about what your property is worth in today's market? Reach out to The Bogie Group for a valuation and industry-leading market research.

Just Closed! 4550 West 173rd Street, Lawndale, CA

The Bogie Group's aggressive marketing of this 16-unit apartment community caught the eye of a local investor, who ultimately opted to acquire this property over a competing listing down the street. This asset boasts major recent improvements, remodeled interiors in 11 of 16 units, and an in-place RUBS program to maximize cash flow.

We represented the seller in this transaction. Our client decided to exit the local market due to California governmental restrictions on multifamily properties.

For more information on this sale or the local multifamily market, please contact:
David O'Keefe
Managing Director
(424) 405-3844
[email protected]
Lic: 01928739

Here's your chance to acquire a Los Angeles multifamily asset at just $99,500 per unit!

Now offered at a reduced price of $995,000, 2505 Malabar Street is an excellent acquisition opportunity. This single-story, 10-unit complex presents massive upside potential and a 6.20% current cap rate.

For more information, please contact exclusive listing agents:
Kevyn Calleja
424.405.3867

Steve 'Bogie' Bogoyevac
562.257.1231

We're pleased to announce the successful closing of 1126-1128 Pacific Avenue in Santa Ana, CA!

Transaction highlights:
- Off-market sale of a 16-unit apartment complex on two contiguous parcels
- We represented the seller in this transaction, a repeat client for whom we listed and sold several properties last year
- The expert brokerage skills and superior service of seller's agent Izzy Sanchez were crucial to navigating and overcoming sale hurdles concerning property maintenance issues

For more information on this sale or the local multifamily market, please contact Izzy Sanchez at (424) 405-3862.

Just Listed! 944 Pacific Ave, Long Beach, CA

This offering presents an excellent turnkey acquisition opportunity: converted from a creative office building into an apartments in 2020, this building is not subject to rent control. The property features 4 1BD/1BA, 1 2BD/1BA and 1 2BD/2BA unit, all of which are separately metered for all utilities, keeping owner expenses to a minimum. Unit interiors boast modern finishes, in-unit laundry, and mini splits to support rental demand. The building also offers controlled access, a landscaped courtyard with patios, a large parking lot with an E/V charger, and updated electrical and plumbing. The property is located in Downtown Long Beach, offering easy access to major employers, retail, and attractions. This transit-friendly location is also just three blocks from the Metro E Line and proximate to the 710 Freeway.

For more information on this listing or the Long Beach multifamily market, please contact exclusive listing agent:
Steve Bogoyevac
562.257.1231
[email protected]
License: CA 01332755

The Bogie Group is excited to bring to market a turnkey six-unit building in Long Beach. This asset is not subject to rent control. Stay tuned for details - this listing will hit the market next week!

Just Closed! 953 E. Carson Street, Long Beach, CA

Our marketing of this 6-unit building in the Bixby Knolls neighborhood generated multiple offers, and we opened escrow within just 15 days of listing. The property sold above list price for $1,625,000. Buyer's financing was arranged through our in-house financing arm, Marcus & Millichap Capital Corporation. Our team is grateful for the opportunity to represent both the seller and buyer in this transaction and help bring another successful multifamily transaction to the finish line.

For more information on this sale or the Long Beach multifamily market, please contact exclusive listing agent:
Steve Bogoyevac
(562) 257-1231
[email protected]
Lic: 01332755

📣 Price Reduction!

40 Ximeno Avenue in Long Beach's popular Belmont Shore is now offered for $1,849,500. This six-unit apartment building presents an excellent opportunity for an investor to acquire an asset with significant rental upside potential in a prime coastal location. The property features a mix of one studio, four one-beds, a two-bed unit with a den, on-site laundry, and a newer roof. The area's covetable location just steps from the beach, conveniently near the vibrant 2nd Street corridor, and proximity to freeways and employers support strong rental demand.

For more information, please contact exclusive listing agent:
Mitchel Cannata
(424) 405-3830
[email protected]
Lic: 02061295

Just Listed! 📍2505 Malabar Street, Los Angeles, CA (Boyle Heights)

This 10-unit apartment complex features all single-story one-bed/one-bath units and laundry facilities. Current rents present 68% rental upside, making this a great acquisition opportunity for an investor looking for upside potential in one of LA's most active infill development markets.

2505 Malabar Street is offered at a 5.50% current cap rate for $1,100,00.

For more information, contact exclusive listing agents:
Steve Bogoyevac
562-257-1231
Lic: CA 01332755

Kevyn Calleja
424-405-3867
Lic: CA 02242420

📣$100K Price Reduction!

1833 19th Street in Santa Monica is now offered at a 7.71% market cap rate for $3.9M. Listing highlights:
- Four of Five Units Delivered Vacant: Rare opportunity to reposition 80 percent of units and lease up at market rates
- Strong Unit Mix: Five-unit property featuring a 4BD/3BA house, three 2BD/1BA units, and one 1BD/1BA unit for broad tenant appeal
- Desirable Amenities: In-unit laundry, private patio/yard space, select interior upgrades, and on-site parking, enhancing resident satisfaction and long-term rental demand.
- Prime Location One Block to Santa Monica College: Built-in tenant demand complemented by easy access to the beach, major employers, shopping, dining, and entertainment

For more information, please contact:
David O'Keefe (424) 405-3844
Steve Bogoyevac (562) 257-1231