Adrienne Barr Brokers $7.3M Sale Of Multifamily Property In Los Angeles

A 14-unit multifamily property at 10275 Missouri Avenue in Los Angeles was recently sold for $7.3 million. This well-maintained property, built in 2002, offers significant rental upside and is strategically situated near the Westfield Century City Mall. With a total square footage of 15,771, the property was acquired at a price of $521,429 per unit, reflecting its appeal to investors looking for value in the Los Angeles market.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $7,300,000
• Units: 14
• Price per Unit: $521,429
• Square Footage: 15,771
• Price per Square Foot: $463
• Address: 10275 Missouri Avenue, Los Angeles
• Market: Los Angeles
• Broker: Adrienne Barr - Berkadia

The sale transaction was facilitated by Adrienne Barr from Berkadia. The property's appeal lies not only in its attractive pricing but also in its ideal location near a prominent retail center, providing a valuable opportunity for the new owners to capitalize on the area's strong rental market. The sale of this multifamily asset underscores the demand for well-positioned properties offering potential for growth in rental income.