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Los Feliz Apartments Trade Off-Market After 75+ Years of Family Ownership
Kidder Mathews arranged the off-market sale of two multifamily properties in Los Angeles’ Los Feliz neighborhood, located at 2028–2030 Rodney Dr. and 2040 Rodney Dr. Although sold separately to different buyers for a total of $9,225,000, both transactions were negotiated on behalf of the same longtime family owner, marking the end of more than 75 years of multi-generational ownership.
Josh Luchs, Kidder Mathews EVP and managing director represented the seller and both buyers, navigating a complex process involving title issues, probate filings and vacant delivery of the buildings.
“These were two of the most sought-after value-add opportunities in Los Feliz, long held by an owner who was apprehensive to sell,” said Luchs. “Getting these across the finish line required creativity, persistence, patience, and deep market knowledge. It’s a reminder that even off-market transactions demand a strategic and steady hand.”
The back-to-back closings signal continued confidence in value-add opportunities in prime Los Angeles submarkets, according to Kidder Mathews.
- ◦Sale/Acquisition
