Lender-Owned & Receivership Property Sales in Los Angeles
Sale brokerage for lenders, receivers, special servicers, and asset managers. A clear assessment of the property, the buyer, and the path to closing.
Glen Scher | LAAA Team of Marcus & Millichap
Match the sale strategy to the property.
An operating apartment building, a partly completed conversion, and a development site require different buyers. Before marketing, establish what is producing income, what still needs work, and what the seller can authorize.
Glen works with Filip Niculete and the LAAA Team on REO and receivership dispositions, including multifamily assets with unfinished improvements. The engagement is sale brokerage, with the receiver or owner directing the sale and counsel handling legal requirements.
From assessment to closing
Valuation and sale strategy
A view of achievable pricing built around actual collections, condition, remaining work, comparable sales, and the likely buyer. Compare the sale alternatives and carrying costs before choosing a marketing plan.
Property and diligence preparation
Identify the records buyers need and the gaps that can affect an offer: leases, operating statements, title, permits, unit status, construction estimates, and third-party reports. Coordinate access and delivery with the receiver or asset manager.
Buyer outreach and offer evaluation
Target investors whose operating experience and capital fit the asset. Compare price alongside proof of funds, contingencies, diligence completed, deposit terms, and the proposed closing schedule.
Marketing records and closing coordination
Keep a clear record of outreach, inquiries, tours, offers, and the sale recommendation. Work with the client, counsel, escrow, and title around the actual approval requirements.
Relevant assignments
Completed REO sales and a receivership auction assignment illustrate different approaches.
Completed REO sale | Boyle Heights
3555 Siskiyou Street
Five operating legacy units and two unfinished rear ADUs. Glen and Filip represented the seller in an off-market, all-cash sale that closed on 06/23/2026 for $1,100,000, roughly 34 days after contract.
The buyer needed to understand both the existing operation and the work required to complete the rear units. The marketing approach treated the property as an operating and value-add asset.
Read the Siskiyou deal story →Completed REO sale | West Hollywood
Genesee and Martel
Two land parcels sold together for $3,500,000 on 01/22/2025. Glen and Filip represented the seller in a co-listing with Agnew-Serling Group.
Seller financing was part of the purchase structure. The offer combined both properties, with the financing terms considered alongside price and the buyer's ability to complete the purchase.
Read the Genesee and Martel case study →Receivership auction assignment | Bakersfield
2700 White Lane
A 149-unit studio community offered through a court-supervised receivership auction. Glen and Filip marketed the property with Mike Banwell of Marcus & Millichap Auction Services and RealINSIGHT Marketplace.
We prepared a buyer fact sheet and FAQ using available operating records and remaining improvement requirements. The review separates scheduled rent from actual collections and exterior completion work from the buyer's unit-level renovation program.
Glen handled property questions and coordinated tours with on-site management. The auction team handled registration, auction terms, and bidder approval.
Bidding ran 10/05 to 10/07/2026. Any sale requires the applicable court approval; no completed-sale result is represented here.
Contact us about 2700 White Lane →Each assignment has its own authority, approval requirements, and buyer terms. A past escrow length is not a promised schedule for another asset.
Guides for lenders and receivers
Selling an Apartment Building in Receivership
Authority, property assessment, buyer selection, and sale execution.
Auction or Brokered Sale?
Choose the marketing method around the asset and its sale requirements.
Valuing a Troubled Apartment Building
What a lender needs to understand about income, unfinished work, and achievable pricing.
Lessons from REO and Court-Ordered Sales
What completed transactions show about buyer fit and execution.
Discuss a lender-owned or receivership sale with Glen.
Share the property address, your role, and the sale or valuation question. Glen can discuss the asset, the assignment, and the next step.