Capstone Equities LLC Purchases 24-Unit Multifamily Property In Los Angeles For $6.2M

117 South Avenue 64 is a 24-unit multifamily property located in Los Angeles, CA's Highland Park neighborhood. The property spans 0.26 acres, offering a total square footage of 13,674. It was sold for $6,200,000, resulting in a price per unit of $258,333 and a price per square foot of $453.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,200,000
• Units: 24
• Square Feet: 13,674
• Price Per Unit: $258,333
• Price Per Square Foot: $453
• Buyer: Capstone Equities LLC
• Seller: Marq Apartments LLC
• Brokers: Neema Ahadian & Jeffrey Estrada - The Neema Group - Marcus & Millichap

Neema Ahadian and Jeffrey Estrada represented the seller, Marq Apartments LLC, and facilitated the acquisition by Capstone Equities LLC as the 1031 exchange buyer. Marcus & Millichap was involved in brokering the sale of this multifamily asset.