McMullin Drake Investments Acquires Multifamily Property In Hawthorne For $3M

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.