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Soft-Story Retrofit Solutions

Your one-stop shop for all things seismic retrofit

In May 2016, the City of Los Angeles began sending orders to owners of certain wood-frame apartment buildings, requiring retrofits to strengthen the structures in the event of an earthquake. These so-called “soft-story” buildings, featuring tuck-under parking at ground level or otherwise potentially unstable first floors, have proven particularly vulnerable to violent shaking.

If yours was one of these 13,500 buildings ordered to undergo seismic retrofitting, you already know that time is of the essence. What you should also know is that Colliers International is here to help.

Colliers’ team in Greater Los Angeles is here to offer support as you navigate the retrofit process. Our full range of services—a veritable one-stop shop for all things soft-story retrofit—is backed by professionals with the experience and expertise to guide you through, no matter how you decide to proceed. From gathering information to choosing whether to upgrade or sell, you can lean on us.

Lean on us

Colliers Retrofit Report

Information is power. Before making a decision about your property, get to know the facts. It’s important to recognize what it takes to complete the city-mandated retrofit, not only in terms of dollars and days, but also manpower and paperwork. Our professionals have worked hard to bring you the information you need to move forward with confidence, knowing you made the right decision.

What's included in the report?

  • Retrofit overview:  Understand deadlines, construction requirements and more, including information about permitted rent increases to mitigate construction costs.
  • Case studies:  Learn from owners who have already done the work. What did it cost? What went smoothly, or perhaps more importantly, what were their challenges?
  • Property maps: See buildings in your area that have already completed the retrofit.
  • Lists of reputable, reliable architects, general contractors and engineers: Start interviewing for your project, or enlist our project management team.
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Efficient and effective construction

Completing the city’s retrofit requirements may seem daunting, but with Colliers’ support, you can be sure the process will go smoothly. Whether you’re local and need a guiding hand, or you live elsewhere and need eyes and ears on the ground, we have the resources and expertise to assist you through a process that is cost-sensitive and compliant.

Our team of experienced professionals, with backgrounds in architecture, engineering and construction, provides leadership, management assistance, technical and financial support, advocacy and oversight to ensure your project is delivered efficiently and effectively.

As your independent representative and advocate, we are an invaluable resource to clients who appreciate our honest, unbiased approach to helping them meet their retrofit and construction needs.

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Cost-effective finance solutions

The financial implications for owners of soft-story properties facing retrofit upgrades are considerable. Owners who opt to upgrade buildings may incur significant up-front costs, requiring capital infusion, while those interested in buying these assets will need to find lenders willing to provide financing. Our team, sensitive to the specific needs of soft-story owners and investors, offers comprehensive services that align with your goals.

Our debt team can introduce you to banks that offer cost-effective solutions with personalized service. And by leveraging our relationships with lenders, you can be confident that you will have honest, direct guidance to make the best financial calls for your investment.

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Brokerage support across L.A.

We are acutely aware that, with retrofit deadlines on the horizon, there is little time to waste for those looking to sell now. We have the knowledge, skills and experience to complete your transaction in a process that is both time- and price-sensitive.

Our brokerage teams provide strategic support for multifamily investment sales across Los Angeles, with deep, specialized knowledge about the specific markets where soft-story properties are most popular, from the San Fernando Valley to Hollywood and the Westside. And with a successful track record selling these soft-story apartment buildings, we have experience you can rely on to complete the transaction.

Should you decide to sell, we are here to support you from start to finish. Our skilled teams of specialists work closely with large networks of multifamily buyers and sellers, from individual owners to institutional investors in Los Angeles and beyond. We know there are investors who are willing to take on the  cost, effort and risk of this retrofit work.

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Soft-story retrofit solutions experts

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