Chase Simonton Of Re/Max One Represents Buyer In $3.7M Multifamily Sale In Los Angeles

A 10-unit multifamily property located at 11627 Mayfield Avenue in Los Angeles sold for $3.7 million. The building spans 7,130 square feet and is situated on a 0.25-acre lot, featuring a mix of one- and two-bedroom units. The sale included 7 units that were delivered vacant, which presents a significant investment opportunity in this high-demand area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,700,000
• Units: 10
• Price Per Unit: $370,000
• Square Feet: 7,130
• Price Per Square Foot: $519
• Buyer's Representative: Chase Simonton - Re/Max One
• Sale Date: 09/13/2024
• Market: Los Angeles

Chase Simonton represented the buyer in this transaction, facilitating the acquisition of the property in a prime location. The involvement of a recognized agency, Re/Max One, further highlights the professionalism attributed to this deal.