Laguna Lido

“[They] really did save our community…we never could have accomplished conversion without Hutton […]"

Patty Urban

Geddes Lake (422 units)
Ann Arbor, MI
“The Hutton Group are true experts in their field…[They] saved my investment from sheer disaster and turned it into a goldmine […]"

Alan Antaki

Woodedge (81 units)
Edison, NJ
“[The Hutton Group] covered, with great success, our financial needs, our legal problems with some dissenters, and led us to a painless conversion […]"

Jose Perewozki

Laguna Lido (48 units)
Laguna Beach, CA
"We wanted to own our units with individual deeds and knew Hutton were the experts...they addressed every issue with detailed precision."

Roman Rozenberg

1543 W 1st St
Brooklyn, NY
Keep scrolling to learn more

Laguna Lido

2002

Laguna Beach, CA

Property Information

Location Laguna Beach, CA
Number of Units 48
1978
2002

Before Conversion as a Co-op

Co-op was on leased land with no reasonable means of financing a land purchase.
Unit values were stagnant without the same price appreciation as similar condos.
Owners were reluctant to renovate their property since it was on leased land with limited market value.
After Conversion as a Condo
Land purchase fully financed through the conversion with NO CASH required from the owners.
Values doubled immediately after the conversion and have since been appreciating very rapidly.
The conversion provided over $500,000 for immediate renovation of common areas and unit owners in turn have remodeled their own condo units.
Results From the Converstion of 109 Lefferts
Value as a Cooperative (40% Increase) $450,000
Add: Obligation (Fees & Closing Costs) $300,000
Total Investment $750,000
Condominium Values after Conversion $1,250,000
Net Increase in Wealth (Equity) $500,000