Purchase: Argam Aghazarian acquired Unit 801 from XiaoLong Zhang and Qingqing Dong by grant deed signed at the U.S. Consulate in Shanghai, China on June 11, 2020 (Vice Consul: Meredith Davis). Recorded July 15, 2020, Inst. No. 20200815338. Purchase price: $650,000 — a $100,000 loss to the sellers relative to their 2017 acquisition price of approximately $750,000.
Financing: Aghazarian financed through Thrivent Federal Credit Union (Inst. No. 20200690104, $487,500) — the same institution where he serves as Market Director. His employer financed his purchase.
Prior owners: Zhang and Dong acquired Unit 801 from Greenland LA Metropolis Development I LLC on April 5, 2017, recorded July 5, 2017 (Inst. No. 20170743476). The deed was signed at the U.S. Embassy in Beijing, China on June 26, 2017 (Vice Consul: Joshua Kamp). Chao Wu executed as "V/P" of Greenland. East West Bank provided the purchase money deed of trust.
DONG
June 26, 2017
Acquisition: Acquired Unit 801 from Greenland LA Metropolis Development I LLC for approximately $750,000 with East West Bank financing. Deed executed at the U.S. Embassy in Beijing, China on June 26, 2017, by Vice Consul Joshua Kamp. Recorded: July 5, 2017, Inst. No. 20170743476.
Template notation: The deed was prepared using a template: "KTT\Greenland\Metropolis I\Purchasers Deed\7C — 12-9-2016" — indicating a standardized form prepared months before the individual sales were executed.
Resale at a loss: Zhang and Dong sold to Aghazarian in June 2020 for $650,000 — approximately $100,000 below their acquisition price — to a buyer who financed through his own employer.
Acquisition: Ao Yang acquired Unit 2003 from Greenland LA Metropolis Development I LLC for $1,005,000 — cash, no financing. Deed recorded July 14, 2017, Inst. No. 20170788955. Executed March 20, 2017. Chao Wu executed as "VP" for Greenland.
Attorney-in-fact: Ao Yang was not present at signing. Chengyun Quan executed the deed as attorney-in-fact — acknowledged at a notary in Shanghai, China. The buyer did not personally appear to accept title to a $1,005,000 property in Los Angeles.
All-cash purchase: Zero financing. No lender's counsel present to review the deed or the grantor's authority. The template notation on this deed matches others in the series.
CA SOS
Acquisition: VS Systems, Inc. acquired Unit 3703 from Greenland LA Metropolis Development I LLC for $1,268,000 — cash, zero financing. Deed executed December 27, 2016, recorded July 24, 2017, Inst. No. 20170825258. Chao Wu executed as "President" for Greenland.
Entity status: VS Systems, Inc. does not appear in the California Secretary of State's entity records under that name. A $1,268,000 cash purchase of Los Angeles real estate by an entity not registered with the California SOS.
No lender review: All-cash, zero financing. No lender's counsel present to scrutinize the grantor's title, the buyer's existence, or the authorization chain.
Not an LLC
Acquisition: WR Investment Associates LLC acquired Unit 1802 from Greenland LA Metropolis Development I LLC for $784,000 — cash, zero financing. Executed March 20, 2017, recorded September 25, 2017, Inst. No. 20171092079. Chao Wu executed as "VP" for Greenland.
Entity type: WR Investment Associates is organized as a Cooperative Association under California law — not a limited liability company as named in the deed. The deed names an "LLC" that is legally a cooperative association. The discrepancy was not caught at closing.
All-cash purchase: Zero financing. No lender present to verify the entity type or authority to convey.
San Marino
Acquisition: Ocean 2020 LLC (San Marino, California) acquired Unit 3709 for $980,000 — cash, zero financing. Executed October 20, 2021, recorded January 19, 2022, Inst. No. 20220070189. Xiaoying Yan executed as "EVP."
Pattern: The all-cash, no-lender pattern continues through 2021 — four years after the initial Greenland sales. No lender's counsel to scrutinize the chain of title, the prior conveyances, or the building's structural and permitting status.