Handling Assets Through Probate
407 Ocean Front Walk, Venice
12-unit Apartment Building
The sale of this 12-unit, legacy asset in Venice Beach represented the sale of a one-of-a-kind property. Located directly on the world-famous Venice Beach Boardwalk, this became the “crowning jewel” of the new owner’s investment portfolio. The Cohen Group’s extensive marketing plan generated over 6 offers from our extensive list of very well-qualified Buyers. However, this transaction was made slightly more complicated than expected because the sale required court confirmation due to receivership complications with the Seller.
Knowing that the probate court would make this more complicated than a standard sale, Josh was able to coach the eventual Buyer to enter escrow fully non-contingent, with a strong, all cash offer. Being able to present an offer to the Seller that was as clean as possible helped to make the stresses of dealing with probate court issues easier, and helped eliminate as much uncertainty as possible