LUXVIEW PROPERTIES was established 18 years ago and specializes in ground-up multifamily development, ground-up coastal residential development, land assemblage and entitlement, and heavy rehab multifamily and commercial developments in Southern California.
LUXVIEW PROPERTIES affiliate companies include, a licensed Real Estate Brokerage, a licensed General Contractor, and a Property Management Firm with a narrowed focus strictly on Company owned assets.
LUXVIEW PROPERTIES has successfully completed over 40 complete multifamily rehab/reposition and commercial deals throughout Southern California and has overseen well over 100 company-owned construction projects.
LUXVIEW continues a 18-year relationship with the highly respected and reputable law firm Procopio, Cory, Hargreaves, & Savitch LLP, who advises on transactions, financing, partnership, and other critical documents. All high-level accounting services are outsourced to a licensed CPA firm and all investor reporting/communications managed through IMS software for delivering real-time accurate information.
LUXVIEW PROPERTIES has an opportunistic approach to real estate investing by utilizing long-term industry relationships, cost-controlled design and construction knowledge, as well as seasoned experience for stabilization and disposition of its assets. LUXVIEW has an unparalleled market intuition paired with an extensive and proven track record which has allowed for growth and success along with that of its valued investor partners.
Graduated from San Diego State University with a BS in Business Administration with an emphasis in Finance in 2002. Mr. Scotti began his career in real estate in 2002 at Century 21, where he initially became a top sales associate and shortly thereafter became a California licensed real estate broker.
In 2005, Mr. Scotti began syndicating apartment buildings for the purpose of cash flow and appreciation with his business partner Tim Barzal and formed Barzal & Scotti Real Estate Corporation. These assets were capitalized utilizing relationship debt sources and a “friends and family” group of investors who continue to participate in investments with LuxView Properties today. The multifamily assets syndicated from 2005 through 2008 have been successfully sold.
While continuing in the apartment business, in 2009 SDHOMES was purchased and utilized to operate a real estate brokerage and later an escrow company. SDHOMES had approximately 50 sales agents specializing in residential sales throughout San Diego County. SDHOMES also provided a platform to purchase distressed single-family assets to renovate and sell large scale. In addition to rehab assets, coastal area ground-up development projects were acquired and completed in-house from start to finish. The brokerage and escrow company have been sold.
In 2012, SDHOMES began purchasing heavy value-add and/or underperforming multifamily assets. These assets are renovated, leased, stabilized, and sold for project-level returns averaging 59% annually. Utilizing relationships with brokers, numerous commercial properties and land entitlement projects have also been acquired and completed.
Today Mr. Scotti, along with Tim Barzal, are the principals of LuxView and have a primary focus on value-add, development, and cash flow multifamily. Although the investment group has grown substantially over the years, the Company is proud to have the original investors from early years still investing today. Together Mr. Scotti and Mr. Barzal have completed 88 single-family homes (mostly coastal luxury) and over 40 multifamily and commercial projects.
Mr. Scotti is a 3rd generation San Diego native, 43 years of age, and resides in Rancho Santa Fe, California with his wife Erin and their three children Enzo, Gia, and Louis.
Tim Barzal graduated from the University of San Diego with a BA in Business Administration in 2003. Mr. Barzal began his career in real estate in 2002 with Hanken Cono & Assad & Co., a San Diego apartment syndication and management firm owning and operating approximately 4,500 apartment units throughout San Diego County.
Mr. Barzal started Barzal & Scotti Real Estate Corporation with Louis Scotti in 2005. Mr. Barzal, along with Louis Scotti, syndicated numerous apartment buildings throughout San Diego County and operated for cash flow. Mr. Barzal managed the properties as well as provided asset management services.
Mr. Barzal earned a general contracting license for the company in 2012 which is held under the entity Pacific Coastal development. This entity served as GC for numerous company-owned assets and also managed outsourced general contractors on company-owned assets.
In 2017, Mr. Barzal along with Mr. Scotti fonded LuxView, in order to expand their renovation, development, and construction projects. Since founding Luxview (and previously with Barzal & Scotti Real Estate Corporation and SDHOMES), Mr. Barzal along with Mr. Scotti:
– Purchased distressed single-family assets to renovate and sell. Successfully completed numerous heavy lift rehabs with both in-home construction crew as well as outsourced contractor/sub-contractors.
– Purchased heavy value-add distressed and/or underperforming multifamily assets throughout the county and completed full repositions including vacating the building, full interior and exterior renovations, and re-leasing/stabilizing.
– Built brand new multi-million-dollar ground-up construction beach homes located up and down the coast of San Diego County. Start to finish process includes: purchasing existing home to be demolished and/or raw land, planning and coordination with Architect/Engineer/Consultant team, full entitlements including coastal commission, community group approval, City processing, HOA and CC&R formation, ground-up construction, and brokering final sale to consumer.
– Entitled raw land including Planning/Coordinating with Architect/Engineers/Consultant team for such processes as: lot mergers, street vacations, creation of tentative parcel maps, preparation of mitigated negative declarations, and full planning commission/ city council review and approvals.
– Completed 88 single-family homes and over 40 multifamily and commercial projects with a project level return of 59% annually.
Mr. Barzal is a 4th generation San Diego native, 44 years of age, and resides in La Jolla, California with his wife Lacey and their three children Logan, Elliana, and Lily.
Graduated from University of Southern California School of Business with a B.S. in Accounting, 1981. He then graduated from University of San Diego School of Law with a Juris Doctor (JD), 1984. Received his CPA license from the California State Board of Accountancy in 1987.
Graduated with a bachelor’s in business administration with an accounting specialization from Saint Leo University in 2004. Earned her CPA license from the California State Board of Accountancy in 2011. Became partner at Adam R. Rosenberg & Company, CPA’s in June of 2017.
Graduated from University of California Los Angeles with a B.A. in Economics, 1989. Earned a J.D. from the University of San Diego School of Law in 1992. Practicing law at Procopio since 1994 and resides with his family in Bird Rock (La Jolla), CA.