1721 S
9TH STREET
ALHAMBRA, CA 91803
3 UNITS | APPROX. 3,400 SF
ALL-CASH ACQUISITION | 9-DAY CLOSE
By Eric Dilanian
THE ASSIGNMENT
Eric Dilanian represented the buyer in the competitive acquisition of 1721 S 9th Street, a three-unit multifamily property in Alhambra—one of the San Gabriel Valley’s most desirable rental markets.
Through close broker relationships and professional rapport built over more than a decade of industry experience, Eric helped position his client to compete for the property. Despite facing seven other all-cash offers, the buyer successfully secured the asset with a non-contingent offer upon acceptance.
The $1,400,000 all-cash acquisition closed in just nine days.
Delivered with two vacant units, the property offered immediate value-add potential through renovations and market-rent repositioning. The acquisition also expanded the family’s existing Los Angeles multifamily portfolio and marked its third completed transaction with Eric.
-
Three-unit multifamily property in Alhambra
-
100% all-cash purchase
-
Prevailed over seven competing all-cash offers
-
Non-contingent offer upon acceptance
-
Nine-day escrow
-
Two units delivered vacant
-
Immediate renovation and market-rent repositioning potential
-
Approximately 3,400 square feet of building area
-
Approximately 9,154-square-foot lot
-
Buildings originally constructed in approximately 1927 and 1940
-
Eric Dilanian represented the buyer exclusively
-
Third completed transaction with the same family
-
Strategic addition to the family’s larger multifamily portfolio
THE RESULTS
ACQUISITION PRICE
(1721 S 9TH ST)
$1,400,000
DAYS
CLOSED IN
9
THE DEAL STORY
The strongest multifamily opportunities in Alhambra and the San Gabriel Valley frequently attract significant investor demand. In this case, Eric’s client was competing against seven other all-cash buyers, meaning that securing the property required more than simply matching the financial strength of the competing offers.
Eric’s close broker relationships and professional rapport—built over more than a decade of industry experience—helped facilitate clear communication and effective positioning throughout the competitive bidding process.
Eric worked with the buyer to structure an offer emphasizing certainty, financial strength, and speed. The offer was submitted entirely in cash and became non-contingent upon acceptance, eliminating financing, appraisal, and traditional due-diligence contingencies from the seller’s closing risk.
The buyer’s demonstrated ability to perform, combined with the strength and clarity of the offer, distinguished it from seven competing all-cash submissions. Eric then coordinated the accelerated transaction process, helping the buyer complete the acquisition within a nine-day escrow.
THE INVESTMENT OPPORTUNITY
The property presented a rare opportunity to acquire a three-unit investment in Alhambra with two units delivered vacant.
Vacancy at closing gave the buyer greater control over the property’s initial business plan, including the ability to renovate the vacant residences and reposition them at market rents without waiting for existing tenancies to turn over.
The property’s approximately 9,154-square-foot lot, 3,400 square feet of building area, and established Alhambra location made it an attractive addition to the buyer’s growing multifamily portfolio.
TRANSACTION EXECUTION
After prevailing over seven competing all-cash offers, Eric coordinated the accelerated transaction process to ensure the buyer could perform without delays. The acquisition closed entirely in cash, without contingencies, in just nine days.
Eric represented the buyer exclusively throughout the transaction, helping maintain the certainty and speed that distinguished the offer during the competitive bidding process.
The acquisition also expanded the family’s existing Los Angeles multifamily portfolio and marked its third successful transaction with Eric.
The successful closing demonstrates the value of experienced buyer representation, strong broker relationships, decisive offer structuring, and reliable execution when competing for sought-after apartment investments in Alhambra and the San Gabriel Valley.
WHY THE BUYER CHOSE ERIC DILANIAN
Acquiring a multifamily property in a competitive market requires more than simply submitting a strong offer. It requires experienced representation, established broker relationships, strategic offer structuring, and the ability to execute with speed and certainty.
Eric’s close broker relationships and professional rapport—built over more than a decade of industry experience—helped position his client effectively in a highly competitive bidding process. His guidance helped the buyer structure an offer that stood out among seven competing all-cash offers and ultimately secure the property.
The acquisition marked the family’s third successful transaction with Eric, reflecting an established relationship built on trusted guidance, decisive execution, and a strong understanding of the Los Angeles multifamily market.
When execution matters most, owners turn to Eric Dilanian - Northeast Los Angeles' leading local apartment investment advisor.
Ready to Discuss Your
Apartment Building?
Whether you're buying, selling, exchanging, or simply exploring your options, Eric Dilanian provides trusted multifamily brokerage and investment advisory services throughout Los Angeles.
