The Co-op to Condo Conversion Specialists™

Glenview Condominiums

 Glenview Condominiums
Date Converted

Property Information

Location Los Angeles, California
Number of Units 45
Year Built 1960
Year Converted to Condo 2007

  1. Property was in an excellent location in a residential area of Los Angeles, CA but suffered from low values and limited sales activity.
  2. As a co-op, some owners were unable to refinance or secure home equity loans since unit values remained low compared to the loan amount they needed.
  3. There was virtually no reserve fund for future replacement of common areas.

  1. Immediately after the conversion was approved, units at the co-op sold for much more than previous asking prices and in a shorter time period. Values after conversion were even higher.
  2. ROA Hutton and its Primary Lender arranged for Fannie Mae approval which provided competitive rates and terms for the conversion and beyond.
  3. ROA Hutton helped to adopt modern condo governing documents which improved enforceability & the quality of life.

Results from the Conversion of Glenview Condos

Value as a Cooperative


Add: Obligation (Fees & Closing Cost, No Underlying Mortgage)


Total Investment


Condominium Values after Conversion


Net Increase in Wealth (Equity)


PDF of Case Study: Glenview Case Study