Jake Panes Purchases 11296 Brookhaven Avenue Multifamily From Kyle Bernard For $3.1M

The multifamily property located at 11296 Brookhaven Avenue in Los Angeles encompasses 12 units within a total square footage of 6,292. The transaction resulted in a sale price of $3,100,000, equating to a price per unit of $258,333 and a price per square foot of $492.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,100,000
• Buyer: Jake Panes
• Seller: Kyle Bernard
• Broker: Nathan Shaolian - Kidder Mathews
• Units: 12
• Square Footage: 6,292
• Price per Unit: $258,333
• Price per Square Foot: $492

Nathan Shaolian represented both the Seller, Kyle Bernard, and Buyer, Jake Panes, in this multifamily asset sale. He is also managing the Seller’s 1031 exchange, facilitating a strategic transition into a higher-yielding asset located out of state.