SOLD
McMullin Drake Investments Acquires Multifamily Property In Hawthorne For $3M
11430 Cedar Avenue
MultiFamily
9,896 SF
9,896 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
9,896 sqft
This sale transaction involves a multifamily property located at 11430 Cedar Ave. in Hawthorne. The property spans a total of 9,896 square feet with 12 units, resulting in a price per square foot of $303. The sale price for the property was $3,000,000, translating to a price per unit of $250,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 12
- Price per Unit: $250,000
- Square Footage: 9,896
- Price per Square Foot: $303
The buyer in this transaction is McMullin Drake Investments LLC, represented by Morgan McMullin and Bo Drake. They acquired the property from the Laretto Family Trust. The broker involved in the deal was John Katnik from James Capital Advisors.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Morgan McMullin, Bo Drake & John Katnik
DATE: 05/12/2022
ADDRESS: 11430 Cedar Ave.
MARKET: Hawthorne
ASSET TYPE: Multifamily
BUYER: McMullin Drake Investments LLC (@McMullinDrakeInvestments) - Morgan McMullin (@MorganMcMullin) & Bo Drake (@BoDrake194)
SELLER: Laretto Family Trust
BROKER: John Katnik (@JohnKatnik) - James Capital Advisors
SALE PRICE: $3,000,000
UNITS: 12 ~ PPU: $250,000
SF: 9,896 ~ PPSF: $303View on map
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Address11430 Cedar Avenue
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