How to Sell a Multi-Family Property in California
Selling a multi-family property with five or more units in California is a commercial real estate transaction with higher complexity, longer timelines, and a smaller pool of qualified buyers. Acquily purchases multi-family properties for cash, handles tenant situations, and can close in as few as 21 to 30 days.
Multi-Family Sales Are Commercial Transactions
Properties with five or more units are classified as commercial real estate, which means different lending rules, different appraisal methods, and different buyer expectations. Commercial buyers conduct extensive due diligence including rent roll analysis, expense audits, environmental assessments, and physical inspections that can take 30 to 60 days.
The financing process for commercial multi-family is also slower. Commercial loans require more documentation, higher down payments, and longer underwriting periods. Deals frequently fall apart at the financing stage, sending sellers back to square one after months of effort.
Acquily's Multi-Family Cash Offer
We purchase multi-family properties for cash, eliminating the financing risk that kills so many commercial deals. We conduct our own due diligence quickly and efficiently, typically completing our review in 5 to 10 days. We buy with all tenants in place and assume all property management responsibilities at closing.
Our offer is based on the income approach (cap rate and NOI), comparable sales, property condition, and market trends. We specialize in value-add properties where deferred maintenance or below-market rents have depressed the value.
Frequently Asked Questions
Do you buy apartment buildings?
Yes. Acquily purchases multi-family properties of all sizes throughout California, from 5-unit buildings to larger apartment complexes.
How do you value a multi-family property?
We use the income approach (net operating income divided by market cap rate), adjusted for property condition, deferred maintenance, below-market rents, and vacancy rates.
Can I sell a multi-family property with vacancies?
Yes. Whether your building is fully occupied, partially vacant, or completely vacant, we can make a cash offer.
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