A 12-unit multifamily asset located at 1123 South Norton Avenue in Los Angeles was sold for $1,650,000. The property spans 8,502 square feet, resulting in a price per unit of $137,500 and a price per square foot of $194. The bungalow style apartments were built in 1924 and indicate significant value add potential.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Buyer: Eva Grover
• Seller: John Purcell
• Buyer's Representative: Peter James & William James - The James Group - Lyon Stahl Investment Real Estate
• Units: 12
• Square Feet: 8,502
• Price Per Unit: $137,500
• Price Per Square Foot: $194

The James Group, represented by Will James and Peter James, facilitated the transaction for the buyer, who was able to close the deal with all cash financing. The property is situated in a notable Country Club park location.