Jerry Wise Acquires 6-Unit Multifamily Property In Los Angeles For $4.3M

A multifamily property located at 1137 W 29th Street in Los Angeles, CA has been sold in a closed transaction. The property consists of 6 units with a total of 6,250 square feet. The sale price for this transaction was $4,300,000, resulting in a per unit price of $716,666. The price per square foot for the property is $688.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Units: 6
• Price Per Unit: $716,666
• Square Footage: 6,250
• Price Per Square Foot: $688
• Address: 1137 W 29th Street, Los Angeles, CA
• Market: Los Angeles, CA

The buyer for the property was Jerry Wise, while the seller was Taeko Lei. The transaction was facilitated by Petra Sebestyen, Davis Saadian, and Damaso Andres Lara from the Davis Saadian Group, who represented the buyer and seller. The brokerage involved in the deal was the Aaron Kirman Group at Compass.