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For Real Estate Agents & Brokers

Gatsby Investment is a well-established investment company, continuously seeking new opportunities. We invite you to review our deal criteria and submit properties for our consideration.
  • Sell directly to a reputable syndication company
  • One of the largest buyers in Los Angeles
  • Over 100 successfully completed deals
  • Fast and efficient closing process

Sell to an Established Investment Company

Gatsby Investment is proud to work with some of the most respected real estate agents and brokers in the industry. We are actively expanding our network to source more opportunities in the Los Angeles market.

If you’re a licensed broker or agent specializing in the property types we target, as outlined in our deal criteria below, we encourage you to submit a deal for our consideration.

Deal Criteria

We are currently focusing exclusively on opportunities within the city of Los Angeles.

While we do consider active market listings, our primary focus is on non-traditional sources such as off-market properties, foreclosures, and probate sales.

Please carefully review our criteria below and submit only those deals that meet our specific requirements.

Gatsby Investment is Currently Seeking:

Land for Multi-Family CHIP Development Projects (10+ Units)

Criteria:
  • Lot Size: Minimum of 12,000 square feet
  • Location: Must be within LADBS jurisdiction (ZIMAS)
  • Purchase Price: TBD
  • Zoning: R3, R4 and C
  • Parcels front entry should ideally be 100 feet wide or a corner lot
  • No historic preservation restriction
  • We do not purchase Ready-to-Issue (RTI) properties
  • Property must be delivered vacant
  • Flat land only—no hillside properties
Description:
We are seeking residential, retail, or commercial lots in specific areas for multi-family new developments through the CHIP (Citywide Housing Incentive Program) program. These can be vacant lots or lots with existing structures that can be demolished. Our goal with these developments is to leverage CHIP incentives to construct affordable housing near public transportation hubs, benefiting from reduced parking requirements and increased density.
Example Project:

Below is an example of a recent land acquisition, where we purchased a distressed single-family home, demolished it, and developed a multi-family property, maximizing the potential of the lot.

Before
After

Lot for Multi-Family New Development (4–6 Units)

Criteria:
  • Lot Size: Minimum of 6,000 square feet
  • Location: Must be within LADBS jurisdiction (ZIMAS)
  • Purchase Price: Below $1,500,000 per lot
  • Zoning: RD1.5, RD2, RD3, R2 and R3
  • No historic preservation restrictions
  • We do not purchase Ready-to-Issue (RTI) properties
  • Property must be delivered vacant
  • Must include a front driveway (no shared driveways)
  • Must comply with SB8 regulations (owner occupied in the last 5 years)
  • Flat land only—no hillside properties
Description:
We are looking for lots suitable for multi-family new construction. These can be vacant lots or lots with single-family homes that can be demolished. The land must be appropriately zoned for a 4-6-unit multi-family development and located on a good street in a high-demand rental area.
Example Project:

Below is an example of a recent land acquisition, where we purchased a distressed single-family home, demolished it, and developed a multi-family property, maximizing the potential of the lot.

Before
After

Existing Multi-Family Apartment Building (3–6 Units)

Criteria:
  • No lot size requirement
  • Location: Must be within LADBS jurisdiction (ZIMAS)
  • Value-Add Opportunities: Potential for renovation and transformation
  • Purchase Price: Under $2,000,000
  • Unit Specifications: 3 to 6 units
  • Zoning: TBD
  • Must include a front driveway (no shared driveways)
  • Flat land only—no hillside properties
Description:
We are seeking existing multi-family buildings with 3 to 6 units that offer strong value-add potential. Our goal is to renovate both the exterior and interior of the property to maximize its value. We are particularly interested in properties located on desirable streets within good residential neighborhoods.
Example Project:

Here is an example of an existing multi-family building we acquired and transformed through a comprehensive renovation, improving both the aesthetic and functionality of the property to maximize its value.

Before
After
NOTE: All listings submitted to this website, including off-market deals, is protected and for use by Gatsby Investment only.

SB8 Eligibility Checklist

Owner Occupied:

  • The owner has lived in the unit for 5 years or more.
  • Can provide a 5-year look back of utilities in their name.
  • Homeowner exemption taken on Property Taxes, if not explanation must be given.
  • No rental income claimed on income taxes during the last 5 years.

Vacant Property:

  • Utility bills for 5 years w/ low to 0 usage.
  • No rental income claimed within the last 5 years.

Vacant Land:

  • Utility bills for 5 years w/ low to 0 usage/ proof of meter abandonment.
  • No rental income claimed within the last 5 years.

Tenant Occupied:

  • Tenant must self-certify income if occupied property w/in the last 5 years.
  • Lease application/ Lease agreement to be provided.
  • No tenant involved Ellis Act (vacant property Ellis permitted).
  • Tenants’ income is above the median low-income level.
    Number of Persons Low Income 80% of Median
    1 $ 77,700
    2 $ 88,800
    3 $ 99,900
    4 $110,950
    5 $119,850
    6 $128,750
    7 $137,600
    8 $146,500
California’s SB8 law, part of the Housing Crisis Act, places restrictions on the demolition and redevelopment of certain residential properties to help preserve affordable housing. To qualify for transactions under SB8, properties must meet specific criteria to confirm they have not been recently used for rental housing or occupied by low-income tenants.

How to Submit a Property

  1. Sign up and create an account by clicking the "Get Started" button below.
  2. Verify your email address and log into your account.
  3. Select "Agent/Broker" and complete the registration process.
  4. Enter the property details and submit your deal.
  5. The Gatsby Investment team will review your submission and respond within 2 business days. You can log in to check the status of your submission at any time.
NOTE: We do not accept deals via email. All deals must be submitted via the online portal for our consideration.

What Happens After You Submit a Deal?

After submitting your deal through our website, you can log in to our portal to check the status and view comments from the Gatsby acquisitions team. We will let you know in the comment field if we are interested or if we decide to pass on the deal. If we have any questions or need further information, a member of our team will contact you directly.

Questions?

If you have any questions, please contact us at deals@gatsbyinvestment.com or call us at 866.428.7291 (Option 3).

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