I&L Investments Acquires Multifamily Asset From Albert Blanck For $4.225M In West Hollywood

The asset involved in this transaction is a multifamily property located at 1152 North Poinsettia Place in the West Hollywood market. The property was sold for $4,225,000, consisting of 20 units. It offers a total square footage of 13,404, resulting in a price per unit of $211,250 and a price per square foot of $315.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,225,000
• Address: 1152 North Poinsettia Place
• Market: West Hollywood
• Units: 20
• Price per Unit: $211,250
• Square Footage: 13,404
• Price per Square Foot: $315

The buyer for this transaction is I&L Investments, represented by Dominick Faraone from Miller & Desatnik Realty. The seller’s representative is Albert Blanck from Blanck Group Realty. Notably, Blanck Group Realty successfully sourced 13 qualified offers and executed the sale with an all-cash buyer, closing in just 10 days.