David Kaufman Brokers $2.9M Sale Of 18-Unit Multifamily In Los Angeles

105 South Saint Andrews Place in Los Angeles is a prime 18-unit multifamily development site that was recently sold for $2.9 million. The property spans across 8,567 square feet and is located in Hancock Park, offering convenient access to Downtown LA, Beverly Hills, and Hollywood. The development is currently under construction and features a concrete podium. The unit sizes range from one-bedroom two-bath to two-bedroom two-bath apartments, with some units designated for affordable housing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,900,000
• Units: 18
• Price Per Unit: $161,111
• Lot Size: 8,567 square feet
• Price Per Land Square Foot: $339
• Address: 105 South Saint Andrews Place
• Market: Los Angeles

David Kaufman of David Ballin Kaufman served as the broker handling the transaction of 105 South Saint Andrews Place. The property's sale involved multiple key individuals and companies, showcasing the collaborative effort that went into the deal's successful completion.