For example. 70%/30% up to $X in sales, then 75%/35% up to $Y in sales.

He said he had the 3 duplex for sale for nearly 4 months on the market, and had just given up.

Conditions and compliance of the property code would be taken care of during the sale of the property.

But I figured I could share some experiences that might help others.

The same analysis noted above does not account for settlement costs on the exit which is customarily 6%-9% of the sales price depending on local brokerage fee and transfer tax norms.2.

However at any given time liquidating these RE assets if your moving to cash is going to cost you 8 to 20%..  8% sales costs if nothing needs to be done and values are exactly what you state.. 20% or more discount if you have to rehab or market price softens at the time you have to sell.. 

Is (Subject To) real estate sale legal in California?

Like Stephen said figure out what type of tenant you are looking for.

For Redfin to show comps you may need to login to view the past solds, if no sales data just discount a few % off the listing price since some markets are going for near retail anyway.

Neighboring concept's sale volume, foot traffic, parking ratios, demand drivers, etc.