Larry Platt Acquires Multifamily Property From Jonathan Nipote In Los Angeles For $3.6M

The property involved in this transaction is a multifamily asset situated at 1167 North Western Avenue in Los Angeles. The sale price was $3,600,000 for a total of 21 units, translating to a price per unit of $171,428. The property encompasses 18,000 square feet, resulting in a price per square foot of $200.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Address: 1167 North Western Avenue
• Market: Los Angeles
• Units: 21
• Price per Unit: $171,428
• Square Footage: 18,000
• Price per Square Foot: $200
• Buyer: Larry Platt
• Seller: Jonathan Nipote
• Broker: Sean Nami - Nami Investment Group - Lyon Stahl Investment Real Estate

This transaction marked the first time the property had been on the market in over 40 years, featuring a mix of retail and apartment units. Sean Nami played a significant role by representing both the Buyer and Seller in this deal.