Menachem Dahan

Doing things @

[Menachem Dahan @Mdmultifam]

🤝

[Levi Teleshevsky @LTeleshevsky]

Just sold this deal and I’m absolutely buzzing. In 9 months, we delivered a 1.5x equity multiple and a 72% IRR for our investors. That’s the kind of return we are proud to put our name on.

Here’s how it went down:
October last year, we closed and started renovating the first unit.
January, we relocated tenants and tackled the second unit.
March, the third unit got a full overhaul.
April, we redid the fourth unit and gave the exterior a serious facelift.
This month, we vacated the final unit and closed with a cash buyer.

Our investors got a steady 7% preferred return throughout, and by the end, they walked away with that 1.5x equity multiple and 72% IRR. All in under a year.

This is what we do: find underperforming properties in strong markets, roll up our sleeves, and unlock value. We don’t hand off the hard work. Our team manages every detail in-house, keeping costs low and timelines tight.

We’re raising capital for our next projects now. If you’re interested in working with a team that’s in the trenches, not just calling the shots, let’s talk.

DM’s are open.

[Menachem Dahan @Mdmultifam]

@LA_Multi_Fam It’s the tile for me
Great choice

[Menachem Dahan @Mdmultifam]

@atnissly A bit conservative ,no?

[Menachem Dahan @Mdmultifam]

With leadership comes responsibility:

Sign the petition.

https://t.co/rQPDiiz5S5

[Menachem Dahan @Mdmultifam]

Good to see cranes up LA need more cranes

[Menachem Dahan @Mdmultifam]

We do third party PM!!!!!
Happy to kick off new year with new buildings under management.

[Levi Teleshevsky @LTeleshevsky]

My 1st property in LA was bought while living in NY. I hired a local PM and asked if they could confirm with me before spending larger sums. They said it would be a great hassle but agreed for sums >$1,000. The next month I see random legal fees for $950. Every month after that, when I received the monthly statement I had to get on the phone with them and figure out where the random expenses and mark-ups were from.

I endeavored to change this. For me. But also for others.

The day my contract expired I partnered with @Mdmultifam (the hardest working PM I know) and we set to changing the experience for those looking to conserve their cash flow.

It's been 6 months since we launched LMA and we're closing in on 100 units under management.

While we're small, our book is growing quickly as we put our clients needs first. Most of our business has come from referrals from those who took a bet on us.

Last we added 14 MF units in North Hollywood and 96,000 sqft. of retail in Banning, CA.

If you are considering new property management services for your property please consider chatting with us. We would love to work with you.

You can reach me at [email protected].

[Menachem Dahan @Mdmultifam]

@LTeleshevsky 🔥🔥

[Menachem Dahan @Mdmultifam]

@hitsamty 😂😂 it’s been so good today

[Levi Teleshevsky @LTeleshevsky]

To owners of studios and 1beds in older buildings in LA:

If you are having struggles with lease up - my wife has a business designing and furnishing these units for under $1,000 each. The results (while not high end) have significantly reduced lease up times and saved owners thousands.

DM to hear more.

[Levi Teleshevsky @LTeleshevsky]

I feel like it has become taboo to talk about ongoing cap raises here. Unfortunately, I don't care.

We are raising LP capital for our latest investment in Hawthorne. The project has a 5 yr hold and a scheduled refi in yr 2. We will not be taking cash flow until all investor funds are returned.

We try to use real comps from our other properties in the area for expenses and then add contingency on top. We prioritize conservatism in our underwriting.

Projected returns are 2.30x EM and 24.92% IRR.

DM to hear more.

[Menachem Dahan @Mdmultifam]

America won today

No on 33
Yes on 36

Senate
Congress
Executive branch

Onto prosperity 🇺🇸🇺🇸🇺🇸🇺🇸

[BarryRoland19 @BarryRoland19]

You know that old lady who's been living in her rent-controlled unit for 30 years, and is paying $600/month for a $3000/mo apartment?

Proposition 33 (vacancy control, more specifically) wants to violently snatch over $200,000 from her in one fell swoop

A gross injustice

[Menachem Dahan @Mdmultifam]

Or the real question is, why are democrats pushing away so many democrats who were center left or independent leaning left , I.e. Kennedy or Bill Clinton Dems

[Chris Tourtellotte @CTourtellotte]

Why did democrats push away Elon?

[Menachem Dahan @Mdmultifam]

@CTourtellotte Probably started somewhere around here I would wajor

[Menachem Dahan @Mdmultifam]

Please share this is important

[Californians for Responsible Housing @VoteNoOnProp33]

Governor Newsom signed the strongest rent control law in U.S. -- prop 33 repeals portions of that law, making the housing crisis worse and stopping new affordable & middle-class housing.

@GavinNewsom & housing experts agree: we can't afford to go backward on housing. #NoOnProp33

[Menachem Dahan @Mdmultifam]

@hitsamty 🔥🔥

[Menachem Dahan @Mdmultifam]

@giladganish @LTeleshevsky Great area, props to you !

[Menachem Dahan @Mdmultifam]

Finally he speaks .

BH Hopefully this would tip the scale for this stupid ballot measure to fail

[Andrew Weiss @BayWestInvest]

Looks like he did! Yesterday!

https://t.co/1vp7bPE5DV

[Levi Teleshevsky @LTeleshevsky]

Here it is: the first closing under our newly formed company LMA Properties

4317 w 120th St, Hawthorne CA

Transaction details:
Units: 5
Mix: 1's, 2's, 3
Built: 1963
$/Unit: $225,000
$/Sqft: $252
Cap rate: 5.2%
RR Upside: 44%

4317 w 120th is at the smaller end of our buy box, and the second such asset we have bought in Hawthorne. If you have other opportunities in the area, please reach out here or via our website https://t.co/thCGgY2U7L.

As always, DM's are open if you'd like to hear more about this purchase or other opportunities we have coming up.