Seeking Your Advice. Selling Rental Property in CA.

[Jose Amer]

Good morning Folks!

Seeking your inputs on selling Rental Property that is Tenant- Occupied 1 year lease until Aug 2022. Location CA (HCOL College town). Owned for 13 years, monthly cashflow $1,450/mo, never vacant. Neighbor of this property sold in only 6 days in the market (3 offers in 6 days, they took the offer over asking).

Not interested in 1031 because we want to be out of Real Estate investing. Currently researching here the best strategy to soften the blow of Capital Gains on the sale- your inputs greatly appreciated (MFJ Tax Rate: Fed 22% CA 9.3%).

Questions:

1. 1.) Are there any legal notices I need to be providing current Tenant with our plan to sell property?
2. 2.) I understand here in CA, the Lease becomes a Lease Assignment with the Buyers. Anything else I need to know in that regard?
3. 3.) Aside from matterport, are there any other tools for virtual tours of the property that can be used for marketing?
4. 4.) Any other comments very much appreciated

Thank you