Michael Berg Acquires Multifamily Asset From Wayne Shaphran In Los Angeles For $1,550,000

The property asset involved in this transaction is a multifamily building located at 1023 South Bedford Street in Los Angeles. The sale price was $1,550,000 for the 6 units, leading to a price per unit of $258,333. The total square footage of the asset is 4,538, resulting in a price per square foot of $341.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,550,000
• Units: 6
• Price Per Unit: $258,333
• Square Footage: 4,538
• Price Per Square Foot: $341
• Buyer: Michael Berg
• Seller: Wayne Shaphran
• Broker: Michael Kamara - The Kamara Multifamily Group
• Transaction Date: 08/21/2026

The key individuals involved in the transaction include Michael Berg as the buyer and Wayne Shaphran as the seller. The property was represented by broker Michael Kamara, who is affiliated with The Kamara Multifamily Group, facilitating the sale transaction.