Jerry Wise Acquires Multifamily Property In Downtown Los Angeles, CA For $3.5M

A multifamily property located at 1175 W 29th St in Downtown Los Angeles, CA has been sold for $3,500,000. The property consists of 6 units with a total square footage of 4,575. The price per unit is approximately $583,333 and the price per square foot is around $765.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Units: 6
• Price per Unit: $583,333
• Square Footage: 4,575
• Price per Square Foot: $765

The buyer of the property is Jerry Wise, while Taeko Lei is the seller. The sale was facilitated by Petra Sebestyen, Davis Saadian, and Lara Alnaser, representing the Davis Saadian Group and Aaron Kirman Group.