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South Gramercy Place Acquires 33-Unit Multifamily In Los Angeles For $8.55M

Property Image
SOLD
$8,550,000
Jeff Louks
Daniel Withers
+ 1

California

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MultiFamily24,872 SF
Sold 05/14/2021
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Property Image
SOLD

South Gramercy Place Acquires 33-Unit Multifamily In Los Angeles For $8.55M

114 S Gramercy Pl, Los Angeles, CA, USA

See Similar Deals
MultiFamily24,872 SF
Sold 05/14/2021
Jeff Louks
Daniel Withers
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$343
Total Square Footage:24,872 SF
Transaction Type:Sale

The multifamily property located at 114 S Gramercy Pl in Los Angeles has been sold for a total price of $8,550,000. The transaction, which took place on 05/14/2021, involved the sale of a building with 33 units. With a price per unit of $259,090, the property spans across 24,872 square feet, resulting in a price per square foot of $343. The buyer, represented by Jeff Louks & Elliot Sabag, is South Gramercy Place. On the other hand, the seller, 114 S GRAMERCY PLACE, was represented by Dan Withers & John Boyett.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,550,000
  • Units: 33
  • Price Per Unit: $259,090
  • Square Footage: 24,872
  • Price Per Square Foot: $343
  • Date: 05/14/2021
  • Market: Los Angeles

Notably, Jeff Louks & Elliot Sabag represented the buyer, South Gramercy Place, in this transaction. Meanwhile, Dan Withers & John Boyett acted as the seller's representatives for 114 S GRAMERCY PLACE.

Players

Daniel Withers
32 deals$198.2M volume(310) 365-5054
BROKER

Jeff Louks
Marcus & Millichap
33 deals$337.6M volume(310) 941-5899
BROKER

John Boyett
CBRE
32 deals$190.7M volume(707) 815-7472
BROKER

Elliot Sabag
Marcus & Millichap
12 deals$82.1M volume
BROKER

Details

SOLD
IMAGE: Dan Withers, John Boyett, Jeff Louks & Elliot Sabag DATE: 05/14/2021 ADDRESS: 114 S Gramercy Pl MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: South Gramercy Place SELLER: 114 S GRAMERCY PLACE BUYER’S REP: Jeff Louks & Elliot Sabag SELLER’S REP: Dan Withers & John Boyett SALE PRICE: $8,550,000 UNITS: 33 ~ PPU: $259,090 SF: 24,872 ~ PPSF: $343

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