Michael Cohanzad's Wiseman Residential Acquires Multifamily Property On Gorham Avenue In Los Angeles For $10.55M

The multifamily property located at 11930 Gorham Avenue in Los Angeles has been sold in a closed transaction. The property consists of 20 units with a total square footage of 21,366. The sale price for this transaction was $10,550,000, resulting in a price per unit of $527,500, and a price per square foot of $494.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,550,000
• Buyer: Michael Cohanzad - Wiseman Residential
• Seller: Patricia A. Chacopulous
• Broker: Michael Monempour - Kidder Mathews

This sale was facilitated by Michael Monempour from Kidder Mathews. It is worth noting that this transaction closed within 7 days and was an all-cash, non-contingent offer. The purpose of this quick closing was to avoid the Measure ULA Deadline. Furthermore, this sale is significant as it marks the first time the property has been sold since its original development in 1972. Additionally, this transaction is part of a larger Brentwood Portfolio consisting of five properties, all of which were sold by Michael Monempour.