Lili Gu Acquires Multifamily Property In South Los Angeles For $1.5M

A multifamily property located at 11700 S. Normandie Ave. in South Los Angeles has been sold. The property consists of 6 units, with a total square footage of 3,648. The sale price for this transaction was $1,486,500, resulting in a price per square foot of $407. The buyer of the property is Lili Gu, while the sellers are James Gross and Patricia Gross. The deal was facilitated by brokers Filip Niculete, Glen Scher, and Jordan Epstein from the LAAA Team at Marcus & Millichap, along with Jared Yutronich from RE/MAX Estate Properties.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,486,500
• Address: 11700 S. Normandie Ave.
• Market: South Los Angeles

This sale marks one of the top 5 all-time sales in the 90044 zip code area of South Los Angeles. At $407 per square foot and $248,000 per unit, the property's price per unit and price per square foot are notable. With 6 units, this multifamily property offers an attractive investment opportunity in the South LA market.