Seth Ellis Acquires Industrial Property On West Washington Boulevard For $1.8M With Joe Bolognese As Buyer's Rep

The property involved in the transaction is located at 4624 West Washington Boulevard, Los Angeles. The asset type is industrial and encompasses a total area of 3,900 square feet. The sale price for this property was $1,800,000, equating to a price per square foot of $461.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,800,000
• Address: 4624 West Washington Boulevard
• Market: Los Angeles
• Square Footage: 3,900
• Price Per Square Foot: $461
• Buyer: Seth Ellis
• Seller: Agnes Verdun
• Buyer's Representative: Joe Bolognese - Saxum West
• Seller's Representatives: Dane Garson, Elizabeth Clark & Jay Martinez - Kidder Mathews

This transaction featured a successful acquisition facilitated through a seller carryback financing arrangement with a 5-year term, catering to an owner user. The high demand in the West Adams/Mid City area was highlighted, along with the advantages of flexible financing solutions that ensured a smooth transition for the buyer while providing favorable terms for the seller.