Ringer Group at Marcus & Millichap

06/24/2022

Price Improvement | 24-Unit Development in Westlake | Fully RTI -

02/02/2022

Happy Testimonial Tuesday! 🎊

In addition to accessing the largest pool of qualified investors, Ringer Group taps into the largest 1031 exchange inventory in every property type and every market. We work efficiently and diligently to get the most out of the standard 1031 exchange time frame and secure a property that will help clients achieve their investment goals.

Contact us today to know about our active listings at 310.909.5439! ✨

01/31/2022

JUST CLOSED! 🎊💎

Ringer Group at Marcus & Millichap is pleased to present another successful close of a seventy-seven (77) unit, 2- building portfolio in the San Fernando Valley.

Sungate Apartments is a 40-unit multifamily complex located in Canoga Park at 21707 Saticoy Street. This building has a desirable unit mix consisting of 7 (1+1), 23 (2+2), 6 (2+1.5 townhomes), 1 (2+2.5 townhome) and 3 (3+2). This two-story building was constructed in 1963 with 39,088 square feet of improvements and sits on a 47,306 square foot corner lot with a secured entry.

20815 Sherman Way is a 37-unit multifamily complex located in the Winnetka submarket of the San Fernando Valley. This building has a rentable unit mix consisting of 1 (bachelor), 17 (studios), 15 (1+1), 4 (2+2). The two-story building was constructed in 1964 with 21,080 square feet of improvements and sits on a 28,074 square foot lot with a secured entry and ample parking. Further details available upon request.

01/28/2022

Just Closed | San Fernando Valley Portfolio | 77 Units -

*Value Add Property *Significant Upside in Rents *Potential for two 1 Bed/1 Bath ADU's *Pride of Ownership | Well Maintained *Ample Parking

01/26/2022

JUST LISTED! 📍☀️

Ringer Group at Marcus & Millichap is pleased to exclusively present for purchase a prime multifamily RTI development site located at 214 South Rampart Boulevard, in the highly sought-after neighborhood in Westlake, Los Angeles. The property is conveniently located between W. 3rd Street and Beverly Boulevard, just east of Occidental Boulevard. This major north-south thoroughfare in Westlake connects Koreatown and Rampart Village to the financial district and Downtown Los Angeles. Residents at this location can enjoy the great outdoors at locales like MacArthur Park, La Fayette Park and Echo Park, along with quick and convenient access to Red & Purple Metro lines, as well as 110, 101, and 10 Freeways.

The offering entails a 5-story type III-A, 24-unit apartment building over 1-level basement private garage. The project will contain 10 studios and 14 one-bedroom units, two of which have been set aside for extremely low-income household. The 7,000 SF project currently holds a single-family residence that plans call to be demolished. The proposed development would have a 70 feet height limit with approximately 18,000 square feet of floor area. Plans also outline 12 automobile and 26 bicycle spaces. 2,000 square feet have been allotted to open space including a rear yard area, fitness center, and private balconies.

This opportunity will appeal to any savvy developer who is looking to invest into a shovel ready project in the metro’s most densely populated, rapidly revitalizing submarkets in Los Angeles.

01/25/2022

Just Listed | 24-Unit Development in Westlake | Delivered RTI -

01/21/2022

SALE
IMAGE: Richard Ringer, Michael Sterman, Reuben Robin, Michael Kamara & Zach Rosen
DATE: 1/14/2022
ADDRESS: 5870 Franklin Ave.
MARKET: Franklin Canyon
ASSET TYPE: Multifamily

BUYER: Concord Capital Partners () - Reuben Robin ( )
SELLER: Richard Kotler
BROKERS: Richard Ringer & Zach Rosen (.zro1) - Ringer Group (), Michael Kamara (), Michael Sterman ()

SALE PRICE: $8,512,500
UNITS: 38 ~ PPU: $224,013
SF: 29,440 ~ PPSF: $289

01/20/2022

Will Multifamily's Record Performance Carry into 2022?

01/20/2022

Ringer Group at Marcus & Millichap is pleased to present another successful close of a thirty-eight (38) unit multi-family investment opportunity located in Prime Hollywood at 5870 Franklin Avenue. The building has 29,440 square feet of improvements and has an excellent unit mix of 3 – bachelors, 21 –studios and 14 – 1+1, with dominant access to many commercial corridors including Sunset Boulevard, Hollywood Boulevard, and the 101 Freeway. This pocket is a high demand rental area in a premier pedestrian location, right next to Franklin Village and benefitting from easy access to employers, major studios, financial firms, entertainment and historic attractions. Further details available upon request.

01/17/2022

Just Closed | Prime Hollywood | 38 Units -

*Multiple Offers *Selected Non-Contingent Offer *7 Vacant Units at Closing *Excellent Hollywood Location- 38 Units *First Time on Market in 45 Years!* *Value Add Property *Significant Upside in Rents*

01/14/2022

You Are Invited: A Conversation with the Honorable Henry M. Paulson, Jr., the Former Chairman and CEO of Goldman Sachs -

Join us for a lively discussion with the Honorable Henry M. Paulson, Jr. The CEOs of Marcus & Millichap, TruAmerica Multifamily and ICSC are honored to host the former CEO of Goldman Sachs and 74th Secretary of the United States Treasury. The conversation will span the economic outlook, inflation, F...