Rabbie Banafsheha Of BLRS Equities Purchases Multifamily Asset From Jerry Simon For $1.75M

The property asset involved in this transaction is a multifamily building located at 1139 South Sherbourne Drive in the Los Angeles market. It was sold for a price of $1,750,000, comprising a total of 5 units within a square footage of 6,143. The price per unit is recorded at $350,000, while the price per square foot stands at $284.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,750,000
• Units: 5
• Square Feet: 6,143
• Price Per Unit: $350,000
• Price Per Square Foot: $284
• Buyer: Rabbie Banafsheha - BLRS Equities
• Seller: Jerry Simon
• Broker: Michael Kamara - The Kamara Multifamily Group

Key individuals involved in the transaction include Rabbie Banafsheha, representing BLRS Equities as the buyer, and Jerry Simon as the seller. The deal was facilitated by broker Michael Kamara from The Kamara Multifamily Group, who played a significant role in the sale process.