Congrats to my buyer for closing on this super cute co-op unit in Baldwin Hills!
Wow it was competitive and she stuck to it and knew what she wanted and made it happen!! So so proud of the determination and focus.
Stock cooperatives are rare in LA, more common in NY, but essentially you own a share in the building with the right to use your unit, rather than owning the unit itself. There is an HOA that covers the common areas.
Because of the legal & financing structures, you are able to purchase at quite a bit lower cost than a condo or single family house.
I was proud of the buyer for seeing it, getting docs in, jumping on it and making it happen!
This is going to massively accelerate her journey toward financial freedom.
Thanks to @mvega2799 team as always and amazing lender from @chase who made it happen!
Congrats to her recent closing and getting to move into a new adorable place (with a pool!)
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Sammy Lyon
REALTOR®️
DRE #02113227
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