The Bogie Group

Just closed! Our 1031 exchange client has acquired a NNN-leased Red Lobster in Olathe, KS (Kansas City MSA) at a 6.10% cap rate for $3,771,492. The property is on an attractive long-term, 25-year NNN lease with 2% annual rent increases and is well-located in a retail corridor off of Highway 56 surrounded by national tenants such as Whole Foods, Target, Michaels, Pet Smart, Olive Garden, Bed Bath & Beyond, and more. We represented the buyer in this transaction. For more information, please call Steve Bogie Bogoyevac at (424) 301-3800. #justclosed #closings #1031exchange #caprate #1031exchanges #NNN #netlease #marcusmillichap

Just closed! After generating multiple offers, 4058 West 164th Street, a three-unit property in Lawndale, sold to an owner/user for $828,000. The asset is located less than a block from the Alondra Golf Course and offers one three-bed/two-bath unit, one two-bed/one-bath home, one non-conforming bachelor unit, fenced yards, and in-unit laundry. Two of the units were delivered vacant. For more information, please call Jesus Tavarez at (424) 301-3800. #justclosed #closings #lawndale #marcusmillichap #multifamilyrealestate #multifamilyinvesting

Just listed for $1,800,000 in Long Beach’s desirable Bixby Knolls neighborhood! 440 East San Antonio Drive is a well-maintained 1970 construction with a desirable mix of 1 3-bed/2-bath unit and 3 2-bed/1.5-bath units, five single-car garages, private patios, and an underutilized laundry room. The 3-bedroom unit, which has in-unit laundry and a fireplace, could be delivered vacant at the close of escrow, making this a great owner/user investment opportunity with potential upsi...de in rents. Additionally, as a fourplex this property may qualify for attractive residential financing. 440 East San Antonio Drive is well-located in an affluent neighborhood near the Virginia Country Club, one block to Trader Joe’s, and conveniently near retail (WalkScore: 91). For more information, please call Steve Bogie Bogoyevac at (424) 301-3800. #justlisted #listings #longbeach #longbeachrealestate #bixbyknolls #marcusmillichap #losangelesrealestate #multifamilyinvesting #multifamilyrealestate #multifamilyinvestments

Just listed at a 5.23% cap rate for $2,279,000! 727 Olive Avenue in Long Beach offers an investor the opportunity to acquire an extensively renovated asset with a strong return on current rents and 17 percent potential rental upside. The property consists of three buildings, a mix of 10 one-bedroom units and one two-bedroom house, on-site laundry, five single-car garages and two surface parking spaces. The long list of recent capital expenditures includes new electrical, new plumbing, a newer roof, new windows, a new surveillance system, unit interior upgrades, and more. For more information, please call Steve Bogie Bogoyevac at (424) 301-3800. #justlisted #newlisting # #multifamilyinvesting #multifamilyrealestate #multifamilyinvestments #longbeach #longbeachrealestate #marcusmillichap #losangelesrealestate #caprates

Just listed for $1,750,000! Our new listing at 11503 Washington Place in LA’s Mar Vista neighborhood is an excellent value-add opportunity with 35 percent potential rental upside in a desirable coastal market. The property is a 1950 construction fourplex with all two-bedroom units, on-site laundry, two two-car garages, and an underutilized back patio area. One of the units will be delivered vacant, offering a new investor the opportunity to lease it at market rate. 11503 Wash...ington Place is well-located steps from a coffee shop and blocks to downtown Mar Vista, Farmer’s Market, and the highly anticipated Culver Public Market Development. This location offers easy access to the 405 Freeway, major employers such as Apple, Amazon, and Google in both downtown Culver City and Silicon Beach, and a solid tenant base with an average household income within one mile over $103,000. For more information, please call Adriana Cascarano at (424) 301-3800. #justlisted #listings #multifamilyrealestate #multifamilyinvesting #marvista #valueadd #marcusmillichap #losangelesrealestate

Just closed! We assisted our client with the 1031 exchange upleg acquisition of a brand new 2020 construction Chipotle with a drive thru in Spring, Texas (Houston metro). The property was identified as a suitable upleg for its desirable new NNN lease, strong corporate tenant, and great location with high traffic volume in a rapidly growing area of an income tax-free state. The new NNN lease has 15 years remaining, three five-year options, and 10 percent rent increases every five years. The upleg was acquired at a 4.13% cap rate for $4,000,000. For more information, please contact Steve Bogie Bogoyevac at (424) 301-3800. #1031exchange #justclosed #closings #netlease #nnn #upleg #marcusmillichap

Just listed for $1,850,000! 6641-6645 Hammond Avenue in Long Beach comprises two renovated fourplexes on two contiguous parcels and offers a strong 10.16% return on current rents and 25% potential rental upside. The property consists of eight two-bedroom/one-bath units with laundry hookups and 10 surface parking spaces. Recent upgrades to the property include a newer roof and interior renovations of six of the units. For more information, please call Steve "Bogie" Bogoyevac at (424) 301-3800. #newlisting #multifamilyinvesting #multifamilyrealestate #multifamilyinvestments #justlisted #marcusmillichap #longbeachrealestate #longbeach

Thank you to our clients and colleagues for the opportunity to work with you in 2020. We look forward to serving you in 2021!

Happy Holidays from all of us at The Bogie Group! - Bogie, Dave, Izzy, Troy, Mitchel, Jessie, Jesus, Jessica, Angel, Jonathan, Adriana, Samuel, Joel, Faiyaz, Mike, Therese, Gabrielle & Stephanie

Just closed at list price for $1,200,000, or a 4.00% cap rate! We represented the seller in the disposition of 4210 East 61st Street in Huntington Park, a 1953 construction apartment building with seven one-bedroom units, one of which is non-conforming, five single-car garages, eight surface parking spaces, and on-site laundry. The property is situated in a very walkable location within a few blocks of schools, grocery stores, and retail. The acquisition offers a new investor significant upside potential in a dense submarket with steady occupancy rates. For more information, please contact David O'Keefe at (424) 405-3844. #justclosed #closings #marcusmillichap #huntingtonpark #multifamilyrealestate #multifamilyinvestments #losangelesrealestate