815–817 Broadway — Fully Occupied to Investor-Ready: Unlocking Strategic Value in Venice
01 · The Situation
Where this started.
Successfully bringing a multi-unit income property to market requires a delicate balance of timing, tenant coordination, and sharp asset positioning. At 815–817 Broadway, the property entered sales discussions fully occupied—presenting a common challenge for buyers trying to visualize the asset’s true potential. When a single unit became vacant, Pardee Properties stepped in to execute targeted prep work, turning that vacancy into a strategic opportunity. By pivoting our marketing to target the ideal investor profile and carefully managing dual representation, our team secured a transaction that aligned seamlessly with the seller’s broader trust funding goals.
- Long-term investor with significant time and capital tied to the property — strict timeline requiring seamless funding into a new trust structure across two property sales.
02 · The Challenge
What made it complicated.
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The property was fully occupied when sales conversations began, limiting initial access and showing opportunities.
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Only after one tenant moved out was there an opening to prepare a unit for prospective buyers to view.
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Early open house feedback showed owner-users holding back, requiring a strategic shift toward an investor buyer profile.
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Transaction timing was critical: funds needed to align with a prior property sale to feed into the seller’s new trust structure.
03 · What Pardee Did
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Capitalized on Vacancy – Executed a deep clean and interior repaint on the vacant unit immediately after the tenant moved out.
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Enhanced First Impression – Refreshed front entry landscaping to elevate curb appeal and set a strong tone before showings.
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Pivoted Strategy – Realigned marketing to target investor buyers by highlighting rare features: full RSO exemption, seven garage parking spaces, and substantial storage space.
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Disciplined Deal Management – Maintained active market exposure until the buyer’s earnest money deposit was secured, ensuring complete protection for the seller’s trust timeline.
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Dual Representation Precision – Managed both sides of the transaction with total transparency to keep buyer engagement firm while fulfilling seller priorities.
04 · The Result
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Investor Match – Successfully identified and secured the right investor buyer after 21+ days on market.
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Seamless Trust Alignment – Orchestrated deal milestones to sync perfectly with the seller's trust funding requirements.
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Dual-Side Success – Balanced buyer and seller expectations smoothly to deliver a clean, conflict-free closing.
Complex trust timelines, tenant coordination, multi-unit dynamics. We turn moving parts into a clear plan, keep buyers on board, and protect your position from list to close. Want this level of coordination on your sale? Let’s connect!
Pardee Prep
This is where prep becomes strategy.
Pardee Prep helps sellers decide what is worth doing, what is not, and how to make the home meet the market with more confidence.
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Have a property with its own complications?
Tell us what you are working with. We'll help you understand the right strategy before you make a move — whether that's prep, pricing, repositioning, marketing, or timing.
Prefer email? hello@pardeeproperties.com · (310) 861-7719