5629 MONTE
VISTA STREET
12 UNITS | BUILT IN 1964
BUILDING 2 OF 3 SOLD IN A 43-UNIT HIGHLAND PARK PORTFOLIO
By Eric Dilanian
HIGHLAND PARK, CA 90042
THE ASSIGNMENT
The sale of 5629 Monte Vista Street marked the second successful closing within a three-property, 43-unit Highland Park apartment portfolio. The long-held property was part of a coordinated portfolio-disposition strategy led by Eric Dilanian of The Dilanian Real Estate Advisors at RE/MAX Commercial & Investment Realty.
Through a strategic, multipoint marketing campaign, Eric generated seven offers and ultimately procured the successful buyer. The buyer submitted a non-contingent offer upon acceptance, giving the seller greater certainty while completing an out-of-state 1031 exchange.
Eric represented both the seller and buyer through the successful closing.
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12-unit apartment building in Highland Park
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Seven offers generated through strategic marketing
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Non-contingent offer upon acceptance
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Eric Dilanian procured the buyer
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Represented both the seller and buyer
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Provided closing certainty for a seller completing an out-of-state 1031 exchange
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Building 2 of 3 sold within a 43-unit Highland Park portfolio
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Part of Eric’s second successfully closed apartment portfolio of the year—totaling 92 units
THE RESULTS
SOLD PRICE
(5629 MONTE VISTA STREET)
$1,800,000
PORTFOLIO CLOSING PRICE
(THREE-BUILDING 43-UNIT PORTFOLIO)
$6,600,000
THE DEAL STORY
The successful buyer relationship began more than two years before the sale.
Eric originally met the buyer at a 16-unit apartment listing in Highland Park. Because the buyer was unfamiliar with the area, Eric spent approximately 45 minutes personally introducing him to the neighborhood and explaining Highland Park’s retail corridors, tenant base, zoning, Historic Preservation Overlay Zone considerations, multifamily fundamentals, and long-term investment potential.
Eric also walked the buyer through comparable Highland Park apartment sales he had personally completed. One example involved a buyer who acquired a value-add property, executed the business plan, and later resold the building—with Eric also handling the subsequent sale.
That real-world case study demonstrated how value could be created and ultimately realized within the Highland Park multifamily market.
Two years later, the same buyer returned fully informed, comfortable with the submarket, and prepared to compete. He submitted the strongest offer and successfully acquired the 12-unit property at 5629 Monte Vista Street.
Strong transactions are often built through long-term relationships—not one-time conversations.
PORTFOLIO EXECUTION
Selling a long-held apartment portfolio during a period of interest-rate volatility and market uncertainty required more than simply placing the properties on the market. The seller needed an advisor capable of positioning each building for its strongest individual buyer pool, coordinating the disposition of three separate Highland Park properties, generating competition despite challenging capital-market conditions, and evaluating certainty of closing alongside price.
Eric developed and executed a comprehensive marketing campaign designed to reach active multifamily investors throughout Highland Park, Northeast Los Angeles, and the broader Los Angeles market. The campaign combined broad market exposure with direct outreach to Eric’s established database of apartment owners, private investors, exchange buyers, and previously cultivated prospects.
Rather than relying solely on newly generated inquiries, Eric reengaged a buyer relationship developed over two years. Because the buyer had already received detailed guidance on Highland Park’s apartment market, zoning considerations, comparable sales, and value-add opportunities, he was prepared to move decisively when the right acquisition became available.
The campaign generated seven offers and produced a non-contingent buyer who offered the seller a high degree of closing certainty. The transaction also marked Eric’s second apartment-portfolio closing of the year, representing a combined 92 units.
WHY THE SELLER CHOSE ERIC DILANIAN
The successful sale of 5629 Monte Vista Street demonstrates the value of sustained buyer relationships, detailed local market knowledge, and a strategic marketing process designed specifically for Los Angeles apartment buildings.
Eric’s established relationships with multifamily investors, combined with his knowledge of the Highland Park apartment market, allowed him to reengage a previously cultivated buyer who was prepared to move decisively when the opportunity became available.
Through comprehensive market exposure, direct buyer outreach, and hands-on transaction execution, Eric generated seven offers and secured a non-contingent buyer, providing the seller with greater certainty while completing an out-of-state 1031 exchange.
When execution matters most, owners turn to Eric Dilanian - Northeast Los Angeles' leading local apartment investment advisor.
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