Stepp Commercial Sells Los Angeles Multifamily Property On Isleta Street & Church Lane For $4.8M

Kimberly Stepp of Stepp Commercial facilitated the sale of a multifamily property located at 11307 Isleta Street and 217 Church Lane in Los Angeles. The transaction took place on 08/29/2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,805,000
• Number of Units: 12
• Price per Unit: $400,417
• Total Square Footage: 10,000 SF
• Price per Square Foot: $481
• Capitalization Rate: 3.2%

The property consists of 12 units with a total square footage of 10,000 SF. The sale price for the property was $4,805,000, resulting in a price per unit of $400,417. The price per square foot was calculated to be $481, and the cap rate for the property is 3.2%.