Geoffrey Jaime Of GT Investments Buys Multifamily Building In Hollywood For $2.81M

An 8-unit multi-family building located at 1129 Lodi Place in prime Hollywood was recently acquired for $2,810,000. The property features fully renovated units, modern amenities, and offers a strong cash flow with a current Cap Rate of 6.1% and 11.9 GRM. Situated in a vibrant entertainment hub near Sunset Blvd and major studios, this asset presents significant upside potential.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,810,000
• Units: 8
• Price per Unit: $351,250
• Square Footage: 5,212
• Price per Square Foot: $539
• Market: Los Angeles
• Buyer's Rep: Geoffrey Jaime - GT Investments
• Seller's Rep: Armin Soleimani & Julio Ruiz - Global Platinum Properties

Geoffrey Jaime of GT Investments represented the buyer in this transaction, while Armin Soleimani and Julio Ruiz of Global Platinum Properties represented the seller. The deal involved the acquisition of an aesthetically appealing multi-family property with promising income-generating potential in a sought-after location.