The multifamily property located at 10500 S Vermont Ave in Los Angeles was recently sold for a record-breaking price. The transaction took place on 08/31/2022 and involved a total sale price of $4,550,000. The property consists of 19 units, with each unit having an average price per unit of $239,474. The total square footage of the building is 11,094, resulting in a price per square foot of $410.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,550,000
• Units: 19
• Price per Unit: $239,474
• Square Footage: 11,094
• Price per Square Foot: $410

The buyer of the property is Rodolfo Guarado, while the seller is Shlomo Lalezarian. The transaction was facilitated by Ardy Ishal of BRC Advisors, who represented both parties in the deal.

It is worth noting that this sale achieved a new record in the market. The price per unit and price per square foot attained for this rent-controlled apartment building are the highest ever recorded within a half-mile radius. This impressive accomplishment was confirmed through a Costar search conducted on 09/01/2022 for 5+ unit properties. If you are considering selling a similar property, it is advised to reach out to Ardy at 310.433.2739.