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.