We just closed escrow on my one-bedroom TIC at 1890 Jefferson #203. Representing a ten percent interest in a nine-unit building, this property was popular with buyers looking for a premium Marina location near the water and Chestnut Street.
TICs are a bit more complex than condos, but we successfully navigated the ownership transfer process and the buyers and my seller clients couldn’t be happier.
We listed the property for $825,000 and received two offers after 30 days on the market. I’m pleased to report we closed at the asking price with no major delays.