Sean McCoy Purchases Multifamily Asset In Los Angeles From Scott Adams For $2,250,000

1101 West 45th Street is a multifamily asset located in Los Angeles, CA, comprising 20 studio units. The building, constructed in 1925, has a total square footage of 11,428. The property sold for $2,250,000, equating to a price per unit of $112,500 and a price per square foot of $196. It operates under rent control, with two vacancies and multiple units renting below market standards.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,250,000
• Units: 20
• Price Per Unit: $112,500
• Square Footage: 11,428
• Price Per Square Foot: $196
• Buyer: Sean McCoy
• Seller: Scott Adams
• Broker: Taylor Avakian - Lyon Stahl Investment Real Estate

Taylor Avakian represented both the buyer and seller in this transaction, managing the process through escrow while addressing the different concerns of each party involved. His approach involved extensive networking to match the right buyer with the unique characteristics of the property, demonstrating a commitment to transparency throughout the transaction.