Nina Bokaei & Sean Sadri Of Innovate Realty Acquires Beverly Grove Triplex Multifamily In Los Angeles For $2.15M As Buyer's Rep
120 North Orlando Avenue
3,988 SF
Summary
The property at 120 North Orlando Avenue in Los Angeles was sold for $2,150,000. This multifamily asset spans 3,988 square feet, amounting to a price per square foot of $539. The transaction was facilitated by Nina Bokaei and Sean Sadri from Innovate Realty, representing the buyer, while Adam Peterson from CBRE acted as the seller's representative.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Market: Los Angeles
- Buyer's Representative: Nina Bokaei & Sean Sadri - Innovate Realty
- Seller's Representative: Adam Peterson - CBRE
The triplex acquired by the buyer offers an ideal unit mix of all 2-bedroom units. With approximately 26% potential upside in rents and the opportunity for additional ADUs at the rear, the property is situated in Beverly Grove, a prime location central to various amenities and popular neighborhoods. This makes it highly sought after by renters and young professionals in the entertainment industry.
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