312 S
PINE STREET
SAN GABRIEL, CA 91776
5 UNITS | SAN MARINO ADJACENT
FINAL CLOSING | 49-UNIT PORTFOLIO
By Eric Dilanian
THE ASSIGNMENT
The sale of 312 S Pine Street marked the fourth and final closing in the successful disposition of a 49-unit Los Angeles multifamily portfolio held by the same family for nearly five decades. The coordinated portfolio sale included four apartment buildings located in Montebello, Silver Lake, Alhambra, and San Gabriel, which sold for a combined $11,025,000.
Successfully completing the portfolio required a coordinated strategy that recognized the distinct location, condition, operating profile, and buyer pool for each asset. Rather than treating the portfolio as a single offering, Eric positioned each property to reach the investors most likely to recognize its individual value.
For the final San Gabriel transaction, Eric procured a repeat client who opened escrow with a fully non-contingent, 100% cash offer. The transaction closed in just 18 days, completing the family’s full four-property portfolio divestment.
Eric represented both the seller and buyer through the successful closing.
-
Five-unit apartment building in San Gabriel
-
Fourth and final closing in a 49-unit apartment portfolio
-
Portfolio held by the same family for nearly five decades
-
Repeat buyer procured by Eric Dilanian
-
100% all-cash purchase
-
Fully non-contingent upon opening escrow
-
18-day escrow
-
Closed amid the outbreak of the Iran war and broader global uncertainty
-
Eric represented both the seller and buyer
-
Completed the seller’s full four-property portfolio divestment
-
Sold alongside 30 units in Montebello, nine units in Silver Lake, and five units in Alhambra
THE RESULTS
SOLD PRICE
(312 S PINE STREET)
$1,420,000
PORTFOLIO CLOSING PRICE
(49-UNIT APARTMENT PORTFOLIO)
$11,025,000
THE DEAL STORY
The sale of 312 S Pine Street represented the final stage of a larger portfolio-divestment strategy involving four apartment buildings across Los Angeles and the San Gabriel Valley. After nearly five decades of family ownership, completing the final transaction with certainty was especially important.
The property entered escrow as the Iran war began, introducing an additional layer of global economic and geopolitical uncertainty. Volatility across energy and financial markets raised concerns surrounding inflation, Treasury yields, borrowing costs, and the broader financing environment, making execution less predictable for transactions dependent on conventional financing.
Eric developed a customized strategy for each property within the portfolio, taking into account its location, unit count, operating profile, investment potential, and likely buyer audience. For 312 S Pine Street, the marketing emphasized its San Marino-adjacent location, balanced unit mix, strong rental upside, walkability, and long-term value-add potential.
As broader uncertainty increased the importance of buyer qualifications and certainty of execution, Eric leveraged his established relationships with active multifamily investors and procured a repeat client with the financial strength to perform without financing. The buyer opened escrow fully non-contingent and entirely in cash, eliminating financing, appraisal, and traditional due-diligence contingencies from the seller’s closing risk.
THE INVESTMENT OPPORTUNITY
312 S Pine Street presented investors with a well-located five-unit apartment property offering approximately 40% rental upside and a balanced unit mix designed to appeal to several renter profiles.
The property includes one three-bedroom/two-bathroom unit, three two-bedroom/one-bathroom units, and one one-bedroom/one-bathroom unit. This mix created a clear value-add opportunity through strategic renovations, improved operations, and future rent growth.
Located adjacent to San Marino, the property offers convenient access to shops, cafés, restaurants, and services along Las Tunas Drive and San Gabriel Boulevard. With a Walk Score of 87, the property also benefits from a highly walkable neighborhood setting and proximity to everyday destinations.
PORTFOLIO EXECUTION
The closing of 312 S Pine Street completed the successful disposition of a 49-unit multifamily portfolio held by the same family for nearly five decades. Across four transactions, Eric represented the family in the sale of 30 units in Montebello, nine units in Silver Lake, five units in Alhambra, and five units in San Gabriel.
For the final transaction, Eric procured a repeat buyer with the financial strength and proven ability to perform without financing. The buyer opened escrow fully non-contingent and entirely in cash, eliminating financing, appraisal, and traditional due-diligence contingencies from the seller’s closing risk.
Despite broader geopolitical and economic uncertainty, Eric coordinated the transaction through an efficient 18-day escrow, allowing the family to confidently complete its full four-property portfolio divestment.
The completed portfolio sale demonstrates the value of customized property positioning, established buyer relationships, careful financial qualification, and certainty of execution when managing a multi-property disposition across different Los Angeles submarkets.
WHY THE SELLER CHOSE ERIC DILANIAN
Divesting a multifamily portfolio held by the same family for nearly five decades required a coordinated strategy that went beyond the sale of any single property. Each asset needed to be positioned according to its individual location, operating profile, investment potential, and likely buyer audience while supporting the family’s broader financial and timing objectives.
Eric’s experience across Los Angeles and the San Gabriel Valley allowed him to develop a customized approach for each property while leveraging established relationships with active multifamily investors. His ability to identify financially qualified buyers and prioritize certainty of execution became especially important as changing market conditions introduced additional risk into the final transaction.
By combining customized property positioning, established buyer relationships, careful financial qualification, and hands-on transaction management, Eric successfully guided the family through the disposition of all four properties and 49 units, completing the final closing in just 18 days.
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.
