Empire Investments Sells Multifamily Property At 11975 Laurelwood Drive For $4.52M With Brokers Rich Johns Michael Criswell And Jake Plewa

This multifamily property, located at 11975 Laurelwood Drive in Studio City, has a transaction value of $4,520,000. It encompasses 16 units with a total square footage of 15,856, resulting in a price per unit of $282,500 and a price per square foot of $285.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,520,000
• Units: 16
• Square Footage: 15,856
• Price Per Unit: $282,500
• Price Per Square Foot: $285
• Seller: Empire Investments
• Buyer's Representative: Jake Plewa - Re/Max
• Seller's Representatives: Rich Johns & Michael Criswell - Keller Williams Realty

The transaction involved a non-contingent offer submitted by the buyer's broker, which included a $1.5 million non-refundable deposit from day one and a request for a quick close, indicating a strong commitment to the deal.